To Explain Occupational Achievement,Blau and Duncan Used Survey Data

question 24

Multiple Choice

To explain occupational achievement,Blau and Duncan used survey data.They concluded that:

• A)the respondent's own achievements had little influence on their occupational status
• B)the respondent's own achievements had much more influence on their occupational status than ascribed characteristics
• C)there were no clear patterns
• D)mother's social status and education were more influential than previously thought
• E)father's job and formal education were more influential than previously thought

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Definitions:

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.

Net Operating Income

The income generated from normal business operations after subtracting operating expenses from gross profit.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, ensuring stability in budget planning.

Cost-Plus Approach

A pricing strategy where a fixed percentage or fixed amount is added to the total cost of producing a product or delivering a service to determine its selling price.