Herbert Gans Suggested That Poverty and Inequality Serve Many Functions

question 12

Multiple Choice

Herbert Gans suggested that poverty and inequality serve many functions for society.Which of the following is not one of those functions?

• A) Poverty ensures that society's "dirty work" will get done.
• B) The poor subsidize the middle and upper classes by working for low wages.
• C) The poor buy goods and services that would otherwise be rejected.
• D) The poor absorb the cost of social change and community growth.
• E) The poor serve the middle and upper classes in their homes and schools.

Recognize the reporting requirements for discontinued operations.

Understand the concepts of pro forma income and its exclusions.

Learn the strategies for evaluating financial statements, including ratio analysis, horizontal and vertical analysis.

Understand the interest of different stakeholders (creditors, stockholders) in financial statement analysis.

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Definitions:

Effective

Achieving desired outcomes or goals with efficiency, often denoting success in accomplishing tasks or objectives.

Creativity

The use of imagination or original ideas to create something; inventiveness.

Types Of Decisions

Decisions can be categorized based on complexity, urgency, and impact, such as strategic, tactical, operational, and routine decisions.

Equity Theory

A concept in social psychology that posits individuals are motivated by fairness, and if they identify inequalities in the input-outcome ratios compared to others, it will result in work-related tensions.