Which Type of Stratification System Allows Movement Between Classes

question 53

Multiple Choice

Which type of stratification system allows movement between classes?

• A) ascribed
• B) closed
• C) open
• D) vertical

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales by analyzing the number of times average accounts receivable are turned over during a period.

Credit Sales

Transactions where the goods or services are provided to the customer with the understanding that payment will be made at a later date.

Short-Term Financial Policy

A strategic approach focusing on managing a company's short-term liabilities and assets, vital for ensuring liquidity and operational efficienc.

Financial Distress

A situation where a company cannot meet or has difficulty paying off its financial obligations to creditors, potentially leading to bankruptcy.