Weber Felt That While Marx Was Correct in That Economic

question 9

Multiple Choice

Weber felt that while Marx was correct in that economic wealth plays an important role in a person's place in the stratification system, it is not the only factor. In addition to wealth, _____ are critical components of stratification as well.

• A) living standards and class position at birth
• B) talent and popularity
• C) power and prestige
• D) gender and race

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Definitions:

Fixed Expenses

These are costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Return On Investment

A measure used to evaluate the efficiency of an investment or compare the efficiencies of several different investments.

Residual Income

The amount of income that an entity has after all costs and expenses, including the cost of capital, have been deducted.

Return On Investment

A measure of the profitability of an investment, calculated by dividing the gain from the investment by the cost of the investment.