The Increasing Concentration of Wealth into the Hands of a Smaller

question 38

Multiple Choice

The increasing concentration of wealth into the hands of a smaller number of persons is in part due to globalization and is part of the accelerating process of

• A) egalitarianism.
• B) stratification.
• C) social ranking.
• D) social prestige.

---

Definitions:

Cash-flow Management

The process of monitoring, analyzing, and adjusting a business's cash inflows and outflows, ensuring liquidity and operational stability.

Cash Budget

A financial plan that estimates incoming and outgoing cash flows over a particular period, helping manage liquidity and plan for future needs.

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.

Micro-aging Schedule

A detailed plan or method for categorizing accounts receivable based on the age of the invoice, typically used to manage and prioritize collections.