Which of These Statements About Social Class Is False

question 99

Multiple Choice

Which of these statements about social class is false?

• A) Social class may be observed in the everyday habit of a person.
• B) The social class one is born into has enormous consequences for one's life.
• C) Social class is personal and individual, not social structural.
• D) Social class is a major determinant of life chances.

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Definitions:

Average Accounting Return

A measure of profitability calculated as the average net income divided by the average book value of investment over a period.

Annual Net Incomes

The total profit of a company after all expenses and taxes have been deducted from revenues for one year.

Salvage Value

The estimate of an asset's worth at the end of its useful life.

Average Accounting Return

A financial ratio that measures the net profit of a project or investment as a percentage of its initial cost.