A Group of People with Shared Value Systems Based on Common

question 46

Multiple Choice

A group of people with shared value systems based on common life experiences and situations is known as a(n) :

• A) sub- culture.
• B) social class.
• C) reference group.
• D) aspirational group.
• E) culture.

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Definitions:

Generalized Economic Growth

Broad-based expansion in economic activity and productivity across multiple sectors, leading to increased wealth and living standards over time.

Corruption

The abuse of entrusted power for private gain, which can occur in various forms such as bribery, embezzlement, and nepotism.

Henry Demarest Lloyd

An American progressive political activist and critic of monopolies, known for his work "Wealth Against Commonwealth" highlighting the evils of the Standard Oil Company.

Standard Oil

An American oil producing, transporting, refining, and marketing company. Established by John D. Rockefeller and partners in the late 19th century, it was a major factor in the early development of the oil industry.