Maurice and Shirley Are Both Attorneys Who Live in a Comfortable

question 63

Multiple Choice

Maurice and Shirley are both attorneys who live in a comfortable suburban home. Their children attend private schools and expect to go to college and on to graduate school. This family is best described as:

• A) upper class.
• B) lower-upper class.
• C) upper-middle class.
• D) lower-middle class.
• E) working class.

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Definitions:

Pension Funds

Investment pools that collect and invest funds contributed by sponsors and beneficiaries to provide future pension benefits.

Insurance Companies

Businesses that provide protection against financial losses in exchange for regular payments from individuals or entities.

Product Marketing Decisions

Choices and strategies related to the promotion, distribution, design, and pricing of products to maximize their appeal to customers.

Investment Banker

A professional who deals with raising capital, trading securities, and managing corporate mergers and acquisitions.