Examlex
Why would a company often calculate and use average costs of its products and services rather than actual costs?
Social Class
A division of a society based on social and economic status, often determining access to resources and opportunities.
Hierarchy
A system in which members of an organization or society are ranked according to relative status or authority.
Social Mobility
The movement of individuals, families, or groups through a system of social hierarchy or stratification.
Social Stratification
A system by which society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power.
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