The Chapter-Opening Story of Passenger Deaths That Accompanied the Sinking

question 76

Multiple Choice

The chapter-opening story of passenger deaths that accompanied the sinking of the ocean liner Titanic shows that

• A) social stratification often has little to do with everyday life.
• B) social stratification is sometimes a matter of life and death.
• C) all people have the same right to life.
• D) advancing technology cannot prevent tragedy.

---

Definitions:

Working Capital Ratio

a financial metric that measures a company's ability to pay off its current liabilities with its current assets, an indicator of financial health.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year, including cash, inventory, and receivables.

Total Current Liabilities

The sum of all debts and financial obligations a company is expected to pay within one fiscal year.

Inventory Turnover Rate

A measure of how quickly a company sells and replaces its stock of goods within a certain period.