Which of the Following Is a Characteristic of a Class

question 35

Multiple Choice

Which of the following is a characteristic of a class society?

• A)Social level is determined largely by religion.
• B)Social mobility can occur either up or down.
• C)Social level is based solely on ascribed, rather than achieved, characteristics.
• D)Social mobility is looked at unfavorably.

---

Definitions:

Discount Rate

The interest rate used to discount future cash flows to their present value.

Payback Period

The time it takes for an investment to generate an amount of income or cash flows to recover the initial capital outlay.

Incremental Cost Approach

A method used to analyze the financial impact of additional costs incurred when making business decisions.

Discount Rate

In discounted cash flow (DCF) analysis, this rate is applied to calculate the present value of anticipated cash flows.