Which Concept Refers to a Status That Has Special Importance

question 2

Multiple Choice

Which concept refers to a status that has special importance for social identity,often shaping a person's entire life?

• A)social status
• B)master status
• C)ascribed status
• D)achieved status

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Definitions:

Loss Occurs

Refers to the moment when a financial loss happens due to an insured event.

Insurable Interest

A requirement that a person seeking to purchase insurance has a sufficient stake in the safety or preservation of the insured item or individual to obtain insurance coverage.

Named Beneficiary

An individual, group, or entity explicitly designated to receive benefits from a policy or account.

Partnership

A lawful business structure operated by two or more people who divide management duties and share the profits.