Which Statement Is True Regarding Social Class in the United

question 62

Multiple Choice

Which statement is true regarding social class in the United States?

• A)Social class is determined primarily by income level.
• B)Lines between social classes in the United States are fixed and rigid.
• C)Social classes show distinct product preferences in clothing and automobiles.
• D)Wealth is more critical than education level in measuring social class.
• E)People are relegated to a permanent class layer in the United States.

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Definitions:

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Split

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares, although the overall value of the company does not change.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and held in the company's treasury, reducing the amount of outstanding stock.