Researchers of Social Mobility, from Peter Blau and Otis Dudley

question 75

Multiple Choice

Researchers of social mobility, from Peter Blau and Otis Dudley Duncan in the 1960s to Pierre Bourdieu in the 1980s, have shown that:

• A) cultural capital plays little role in determining social status
• B) educational attainment plays little role in an individual's adult social status
• C) family social status significantly affects the child's educational attainment
• D) only economic capital is inherited; cultural capital can be acquired

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Definitions:

Physical Inventory

The process of counting and verifying the actual quantities of merchandise or goods in stock, typically performed at the end of an accounting period.

Cost Flow Assumption

The method by which a company values and moves its costs (such as FIFO, LIFO) to determine the cost of goods sold and ending inventory valuation.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue; also known as net profit.

Inventory System

A method for keeping track of the quantity, location, and status of goods a company has in stock.