A Person Who Receives Rewards and Status Because of His

question 78

Multiple Choice

A person who receives rewards and status because of his hard work is said to have ________ status.

• A) nouveau riche
• B) hierarchical
• C) achieved
• D) longitudinal

---

Definitions:

Net Present Value

A financial metric that calculates the present value of net cash flows (inflows minus outflows) over a period, used for assessing the profitability of an investment.

Mutual Funds

Shareholder-financed investment schemes that are professionally overseen and involve trading in a variety of holdings.

Weighted Average Cost

A calculation that takes into account the varying costs of different components of a product or service, weighted by their respective proportions.

Corporate Tax Rate

The percentage of a corporation's profits that is taken by the government as tax.