A Social Class Is a Closed Aggregate of Individuals with Similar

question 145

True/False

A social class is a closed aggregate of individuals with similar social ranking.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue.

Total Debts

The sum of all financial obligations owed by an individual or organization, including both short-term and long-term liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Current Liabilities

The obligations a company owes and is expected to pay within one year, including accounts payable, short-term loans, and other similar debts.