Edward Banfield (1974), in His Description of a Distinctive Lower-Class

question 89

Multiple Choice

Edward Banfield (1974) , in his description of a distinctive lower-class subculture, suggests that

• A) poor people live largely for the future.
• B) poor people are not responsible for their poverty.
• C) poor people who live largely for the moment are basically irresponsible.
• D) the poor deserve better than what they get in our society.

---

Definitions:

Limited Partner

An investor in a partnership who is not involved in daily business operations and whose liability is limited to the amount of their investment.

Withdraw

To remove oneself or something from consideration, participation, or engagement in a particular activity, agreement, or situation.

Managers of the LLC

Individuals or entities appointed or elected to manage the operations of a Limited Liability Company in accordance with its operating agreement.

LLC

A Limited Liability Company is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.