Which of the Following Statements Is True About the Class

question 20

Multiple Choice

Which of the following statements is true about the class system in the United States when compared to the British class system?

• A)The class system in the United States is more pronounced than in Britain.
• B)In the United States,upward social mobility cannot normally be achieved in one generation.
• C)Class membership in the United States is mainly determined by an individual's background and schooling.
• D)In American society,the extreme emphasis on individualism increases the impact of class background on business operations.
• E)Successful individuals from humble origins are highly respected in American society.

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Definitions:

Strike Price

The predetermined price at which the holder of an option can buy or sell the underlying asset.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specified time.

Capital Gain

The profit from the sale of a capital asset for more than its purchase price.

Strike Price

The fixed price at which the holder of an option can buy (call option) or sell (put option) the underlying security or commodity.