Jeff Has the Opportunity to Receive Lump-Sum Payments Either Now

question 15

Multiple Choice

Jeff has the opportunity to receive lump-sum payments either now or in the future. Which of the following opportunities is the best, given that the interest rate is 4% per year?

• A) one that pays $900 now
• B) one that pays $1080 in two years
• C) one that pays $1350 in five years
• D) one that pays $1620 in ten years

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Definitions:

Functionalist Theory

A perspective in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.

Social Control

Mechanisms, strategies, and processes that societies use to regulate individual and group behavior, aiming to conform to cultural norms and laws.

Stratification Function

The role stratification plays in organizing society into hierarchical layers based on various criteria such as wealth, power, and social status, contributing to social cohesion and individual placement within society.

Sorting People

The process of categorizing individuals into groups based on characteristics such as race, gender, social class, etc., often leading to discrimination or preferential treatment.