A Caste System Is a Closed System of Stratification in Which

question 55

True/False

A caste system is a closed system of stratification in which social position is determined by the family into which the person is born.

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Definitions:

Capital Budgeting

The process businesses use to evaluate and select long-term investments that are expected to yield the most beneficial returns.

Widely Used

A term describing something that is extensively accepted or employed by a large number of people or in various areas.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment by determining the difference between the present value of cash inflows and outflows.

Zero

A numerical value representing no quantity or null in mathematical terms; it serves as a placeholder in the decimal system.