Which of the Following Statements About Social Class Is FALSE

question 247

Multiple Choice

Which of the following statements about social class is FALSE?

• A) People in different social classes tend to have different beliefs and feelings.
• B) People with the same income level are always in the same social class.
• C) Variables such as occupation, education, and type of housing form the basis of simple approaches for measuring social class.
• D) The U.S. class system is far less rigid than those in most other countries.
• E) None of these statements about social class is False.

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Definitions:

Historical Cost

An accounting principle that requires assets to be recorded at their original purchase price, without adjusting for inflation or changes in market value.

New Venture

An enterprise that is newly established, focusing on addressing a market demand by offering an innovative product, service, or platform.

Expansion

The process of a business enlarging its operations, typically through increased production capabilities, market reach, or product lines.

New Market

An emerging sector or industry where a company can expand its operations or products to generate growth.