A Caste System Differs from a Class System Because

question 57

Multiple Choice

A caste system differs from a class system because

• A) a caste system is an open system of stratification, while a class system is a closed system of stratification.
• B) it is not possible for an individual to change his or her caste, while a class system allows people to change their class through individual achievement.
• C) the social mobility in caste systems varies from society to society, while in a class system there is no social mobility.
• D) a caste system is a less rigid form of social stratification, while a class system is a comparatively more rigid form of social stratification.

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Definitions:

Discount Rate

A rate used to determine the present value of future cash flows.

Incremental Cash Flow Principle

The concept that financial decisions should be made based on the changes in cash flows that the decisions will cause, ignoring cash flows that will not be affected.

Negative Effects

Adverse outcomes or impacts that result from an action, event, or policy.

Sunk Costs

Costs that have already been incurred and cannot be recovered, which should not affect future business decisions.