A Financial Asset Which Represents a Claim on Another Financial

question 114

Multiple Choice

A financial asset which represents a claim on another financial asset is called a ______ asset.

• A) secondary
• B) convertible
• C) derivative
• D) market
• E) primary

Differentiate between weld symbols and welding symbols.

Identify the meanings of various AWS standard symbols for different weld types.

Recognize standard notation for detailing welding specifications on drawings.

Grasp the concept of field welds and their notation.

---

Definitions:

Proletariat

In Marx’s usage, is the working class. Members of the proletariat perform physical labor but do not own means of production. They are thus in a position to earn wages.

Lumpenproletariat

A term used primarily in Marxist theory to describe the lower strata of the working class, including those who are unemployed or unemployable due to the lack of necessary skills.

Capitalist Development

The evolution or advancement of an economic system in which trade, industry, and the means of production are largely privately owned and operated for profit.

Heterogeneous Middle-Class

A diverse socio-economic group composed of individuals from various backgrounds with differing levels of income, education, and occupation.