The Lower-Upper Class

question 63

Multiple Choice

The lower-upper class

• A) can enjoy the same levels of prestige enjoyed by those with rich and famous grandparents.
• B) depend on wealth, as much as earnings, as their primary source of income.
• C) can readily join prestigious clubs because they can afford high initiation and yearly fees.
• D) are often referred to as the "nouveau riche."

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Definitions:

Standardizing

Involves creating uniform procedures or criteria to ensure consistency and comparability across different units or measures.

Clearinghouse

An intermediary agency that facilitates transactions between buyers and sellers, particularly in financial markets or health care claims.

Nonprofits

Organizations that operate for the collective, public, or social benefit, rather than to generate profit for owners or shareholders.

Engage for Good

An organization or initiative focused on facilitating partnerships between businesses and non-profit organizations to promote social causes and engagement.