A Common Criticism of Functionalist Theory Is That It

question 34

Multiple Choice

A common criticism of functionalist theory is that it:

• A) was too focused on social inequalities and not enough on the abilities of elderly people
• B) paid too little attention to the inevitable mental and physical decline of elderly people
• C) unrealistically assumed that elderly people could play an active part in defining their own roles
• D) emphasized the need for elderly people to adjust to existing conditions rather than participate in changing them

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Definitions:

Statement of Financial Position

Another term for the balance sheet, showing a company's financial status by detailing assets, liabilities, and shareholders' equity at a specific point in time.

Identifiable Net Assets

The assets and liabilities of a company that can be separately identified and valued during a merger or acquisition process.

Issued Capital

refers to the total value of a company's shares that have been sold and are held by shareholders.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested into the company.