Read the Following Four Statements About Social Stratification

question 15

Multiple Choice

Read the following four statements about social stratification. Which statement is NOT correct?

• A) A family's social standing typically changes a great deal from generation to generation.
• B) Social stratification involves beliefs about how and why people should be unequal.
• C) Social stratification is a trait of society.
• D) Social stratification is universal and also variable.

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Definitions:

Deficit

The amount by which expenditures exceed income or costs outstrip revenues, resulting in a negative balance.

Liquidation

The process of closing a business, selling its assets to pay off debts, and distributing the remaining assets to owners or shareholders.

Profit And Loss Percentages

Are critical figures that represent the percentage of profit or loss a business generates from its operations, relative to its revenues.

Final Cash Distribution

The last payment made to investors or shareholders, liquidating the remaining cash balance of an investment or fund.