Which Statement Best Describes the Class System of Stratification

question 89

Multiple Choice

Which statement best describes the class system of stratification?

• A) It is a closed system.
• B) It is found in very few countries in the world.
• C) It is based on various economic measures.
• D) It is similar to a caste system in that individuals move from one stratum to another only with great difficulty.

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Definitions:

Non-Controlling Interest (NCI)

A portion of the equity in a subsidiary not attributable, directly or indirectly, to a parent company, reflecting the minority shareholders' stake.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as a single entity.

Consolidated Retained Earnings

The portion of earnings not distributed as dividends to shareholders and consolidated from both the parent company and its subsidiaries.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership interest of shareholders.