What Concept Refers to a Social Position That Is Received

question 101

Multiple Choice

What concept refers to a social position that is received at birth or involuntarily assumed later in life?

• A)passive role
• B)master status
• C)ascribed status
• D)achieved status

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Definitions:

Dividends

Portions of a company's earnings paid out to shareholders as a reward for their investment.

FOB Destination

A shipping term indicating that the seller is responsible for goods and shipping costs until the goods reach the buyer's specified location.

Merchandise

Goods bought for the purpose of resale at a profit.

Accounting Equation

The fundamental equation that represents the relationship among assets, liabilities, and equity of a company; Assets = Liabilities + Equity.