Which of the Following Societies Tend to Determine Occupations Based

question 32

Multiple Choice

Which of the following societies tend to determine occupations based on ascription (family background) and social status?

• A)Industrial societies
• B)Postindustrial societies
• C)Socialist societies
• D)Pre industrial societies

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Definitions:

Retained Earnings

It represents the cumulative amount of net income earned by a company that is retained rather than distributed to its shareholders as dividends.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, reflecting the ownership interest of shareholders.

Cash Dividend

A cash dividend is a payment made by a company out of its profits to shareholders, typically on a quarterly basis, in the form of cash.

Net Income

The total profit or loss of a company after all revenues, expenses, taxes, and costs have been subtracted, reflecting the financial performance over a specific period.