Who Fits in What Social Class Is Now Proving to Be

question 20

Multiple Choice

Who fits in what social class is now proving to be difficult to say. All of the following are true, EXCEPT:

• A) the reputational method for determining social standing is almost impossible to use because increasingly people prefer to remain anonymous
• B) whereas traditionally husbands defined the family's social class, now women contribute equally to the family, may earn more than their husbands, and work in positions of equal or greater status than those of their spouses
• C) demographic data from interviews combined with subjective impressions of the interviewer regarding possessions and standard of living are not valid
• D) individuals are inconsistent in their standing on the several relevant dimensions used to describe social class, e.g., a non- high school graduate living in an upscale part of town
• E) traditional measures of social class are based upon the nuclear family, which no longer describes the majority of Canadian households

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Definitions:

Stock Market

A collection of markets and exchanges where the buying, selling, and issuance of shares of publicly held companies take place.

Initial Public Offerings

The process where a private company offers shares of stock to the public for the first time.

Investment

The allocation of resources, usually financial, in expectation of future returns.

Inventory

The total amount of goods and materials held by a business, intended for sale or used in production.