When the Children of Working-Class Parents Manage to Attend College

question 53

Multiple Choice

When the children of working-class parents manage to attend college and get a job in a professional field, it is an example of:

• A) intragenerational mobility.
• B) horizontal social mobility.
• C) downward mobility.
• D) lack of mobility.
• E) intergenerational mobility.

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Definitions:

Strict Liability Rule

A regulation imposing absolute responsibility on certain persons or entities for damages or losses, regardless of fault or intention.

Squeeze-Out

A strategy used by majority shareholders to pressure minority shareholders into selling their shares, often at unfavorable terms.

Minority Shareholder

An investor who owns less than 50% of a company's shares, typically having limited influence over corporate decisions.

Business Judgment Rule

A principle that shields corporate executives from liability for decisions made in good faith and believed to be in the best interest of the company, even if they are ultimately unsuccessful.