Generally Speaking, White Middle-Class Students Have a Better-Resourced Pre-College Education

question 83

Multiple Choice

Generally speaking, white middle-class students have a better-resourced pre-college education, which gives them an edge in:

• A) scoring well on conventional entrance tests.
• B) enrolling in higher-status colleges and universities.
• C) completing college programs.
• D) in competing for better-paying jobs.
• E) All the above

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Definitions:

Unlimited Liability

The legal obligation of business owners to pay all of their business debts personally, without limit, which exposes personal assets to risk.

Sole Proprietorship

A business formed by the sole proprietor. It is the easiest business organization to form.

Term Partnership Dissociation

The ending of a partner's association with a partnership for a predetermined term, as outlined by an agreement or law.

RUPA

The Revised Uniform Partnership Act, a set of laws designed to govern the operations of partnerships in the United States.