Members of the __________ Have Earned Most of Their Money

question 43

Multiple Choice

Members of the __________ have earned most of their money during their own lifetime. This class includes entrepreneurs, presidents of major corporations, sports or entertainment celebrities, and top-level professionals.

• A) ​middle-upper class
• B) ​upper-upper class
• C) ​upper-middle class
• D) ​lower-upper class

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Definitions:

Fair Values

The potential earning from disposing of an asset or the fiscal responsibility to transition a liability in an agreeably organized interaction with market entities at the moment of judgement.

Common Stock

Equity shares representing ownership in a company, giving holders voting rights and a share in the company’s profits through dividends.

Goodwill

An intangible asset that arises when a company acquires another for a price higher than the fair value of its net assets, representing items such as brand reputation or customer loyalty.

Par Value

The nominal value designated by the issuer for a bond or stock, which doesn't reflect its actual market price.