Which of the Following Statements About Social Class Is Most

question 351

Multiple Choice

Which of the following statements about social class is most accurate?

• A) Members of the lower class have a more short-term time orientation and think in concrete rather than abstract terms.
• B) Members of the lower class are more likely to think about the future than those in the middle or upper classes.
• C) The single most important factor in determining social class is a person's financial worth.
• D) Members of the upper class are less likely to think abstractly and more likely concentrate on the immediate rather than long-term than the other classes.
• E) Members of the middle class have little interest in improvement centers or automobile parts stores; they are much more interested in travel and technology.

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Definitions:

Cost Of Production

The total expenditure incurred in manufacturing a product or providing a service, including materials, labor, and overhead costs.

Initial Contribution

The initial investment or capital put into a business venture or project by its founders or investors.

Equipment

Tangible assets used in the operation of a business, such as machinery, computers, and vehicles, which are used over a period of time and subject to depreciation.

Cash

Money in the form of currency that can be used immediately for transactions, including coins, currency notes, and money in bank accounts.