Social Stratification Is

question 104

Multiple Choice

Social stratification is

• A) only the result of individual effort.
• B) found only in low-income societies.
• C) a trait of society, not simply a reflection of individual differences.
• D) the same system everywhere.

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Definitions:

Spoils

Goods that are damaged or unusable during the production process and cannot be sold to customers.

Monetary Unit Assumption

A financial accounting concept that believes transactions and events can be quantified in terms of money.

Dollar Stability

Refers to the consistency and steadiness in the value of the United States dollar in international and domestic markets.

Medium Of Exchange

An intermediary instrument used to facilitate the sale, purchase, or trade of goods between parties.