Statuses Are Distinguished by the Manner in Which We Acquire

question 101

Multiple Choice

Statuses are distinguished by the manner in which we acquire them.A(n) ______________status is a social position conferred at birth or received involuntarily later in life,based on attributes over which the individual has little or no control,such as race/ethnicity,age,and gender.

• A)achieved
• B)socioeconomic
• C)ascribed
• D)occupational

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Definitions:

Managed Mutual Funds

Programs invested in by shareholders that operate with a mix of different investments, all overseen by experienced investment professionals.

Rate of Return

The increase or decrease in the value of an investment during a particular time frame, presented as a percentage of the investment’s original price.

Private Saving

The portion of individuals' or households' income that is not used for consumption or paying taxes, typically used for investment or future spending.

Government Budget

A financial statement presenting the government's projected revenue and expenditure for a specific period.