Which of the Following Statements Concerning Social Class Is FALSE

question 87

Multiple Choice

Which of the following statements concerning social class is FALSE?

• A) Income by itself is usually a good measure of social class.
• B) In most countries, social class is closely related to a person's occupation.
• C) In most countries, there is a general relationship between income level and social class.
• D) Almost every society has some social class structure.
• E) The U.S. class system is far less rigid than those in most countries.

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Definitions:

Favorable Variances

Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.

Income

Money received, especially on a regular basis, for work, through investments, or from business activities.

Management Of Variance Analysis

The process of investigating the differences between actual financial results and budgeted or expected results, with the aim of understanding the reasons behind these variances to manage and improve financial performance.

Flexible Budget Amounts

Budgeted figures that can adjust based on changes in activity levels or other factors, unlike a static budget.