When Using the Term "Elite," Social Scientists Are Referring to

question 42

Multiple Choice

When using the term "elite," social scientists are referring to

• A)people who are better than others.
• B)people who have some valued resource,such as money,schooling,prestige,or political power.
• C)people born into the "right" family.
• D)people with royal titles.
• E)only the people that hold political office.

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Definitions:

Par Value

The nominal or face value of a stock or bond as stated by the issuing company, not necessarily reflecting its market value.

Legal Capital

Minimum amount of capital that a corporation must leave in the company (cannot be withdrawn by stockholders) for the protection of the creditors.

Stated Value

A value assigned to no-par stock by the company's board of directors.

No-Par Value

Refers to shares of stock that have not been assigned a specific par value by the issuing company.