According to a Classic View of the American Class Structure

question 5

Multiple Choice

According to a classic view of the American class structure, the newer social elites, drawn from current professionals, belong to which of the following social class categories?

• A) Lower-Upper
• B) Upper-Upper
• C) Upper-Middle
• D) Lower-Middle

---

Definitions:

Collection Agency

A business that pursues payments on debts owed by individuals or businesses.

Business Practices Act

Legislation aimed at preventing unfair or deceptive business practices and promoting fair competition.

Breach

Breach is the violation or non-fulfillment of a legal obligation, agreement, or contract, which could lead to legal action or penalties against the party at fault.

Credit Arrangement

An agreement between a lender and a borrower regarding the loan terms, repayment conditions, and interest rates.