Identify Which Social Class the Following Description Illustrates: This Social

question 33

Multiple Choice

Identify which social class the following description illustrates: This social class is more diverse than those above it.Individuals in this social class generally earned their wealth and are called nouveau riche.

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

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Definitions:

Cash Balance

The amount of money on hand or in bank accounts, immediately available to a business or individual.

Money Paid Out

The total amount of money a company or individual spends or disburses.

Average Collection Period

The average number of days it takes for a company to receive payment after a sale has been made on credit.

Accounts Receivables

Money owed to a business by its customers for goods or services that have been delivered or used but not yet paid for.