Wade Serves on Foot Locker's Board of Directors

question 69

Multiple Choice

Wade serves on Foot Locker's board of directors. How did Wade get this position?

• A) He volunteered for the assignment.
• B) He was appointed by the chief executive officer.
• C) He was assigned by the Federal Trade Commission.
• D) Through default as the largest stockholder, Wade got the position.
• E) He was elected by the company's stockholders.

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Definitions:

Homogamy

Homogamy refers to the pattern of individuals marrying others who have similar characteristics, such as background, race, age, and social status.

Social Mobility

Refers to the ability to move within the social hierarchy, which can be upward or downward, influenced by factors such as education, income, and occupation.

Cultural Backgrounds

The cultural heritage, traditions, and values that shape an individual's identity and perspectives, often influencing their behaviors, beliefs, and interactions with others.

Intragenerational Mobility

Movement between social classes that occurs during the course of an individual’s lifetime.