You Own 1,000 Shares of Amazon,whose Value Just Hit $1,500

question 78

Multiple Choice

You own 1,000 shares of Amazon,whose value just hit $1,500 per share.Amazon decides to do a three for one split.you now own?

• A)3,000 shares @ $1,500 per share
• B)1,000 shares @ $500 per share
• C)3,000 shares @ $500 per share
• D)1,000 shares @ $4,500 per share

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Definitions:

Socioeconomic Status

A classification of an individual or group's position within a societal hierarchy, based on factors like income, education, and occupation.

Caste System

The Caste System is a form of social stratification defined by hereditary status, often seen in India, where individuals' occupations and social connections are heavily influenced by their caste.

Social Mobility

The ability for individuals or groups to move within the social hierarchy, including upward and downward mobility, which reflects changes in wealth, occupation, education, or social status.

Closed System

A social system with very little opportunity to move from one class to another.