According to Davis and Moore, Position in the Status Hierarchy

question 82

Multiple Choice

According to Davis and Moore, position in the status hierarchy is based on people's effort and ability: if a person's job is more important, then that person gets paid more. What was determination based upon?

• A) functional integration
• B) class standing
• C) life chances
• D) functional necessity

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Definitions:

Forests

Large areas covered predominantly with trees and underbrush, playing a critical role in biodiversity and the environment.

Market Rate Of Interest

The prevailing interest rate available in the open market, influencing the cost of borrowing and the return on savings.

Logging Company

A business that specializes in harvesting timber from forests for wood and paper products.

Present Value

The current worth of a future sum of money or streams of cash flows given a specified rate of return.