A Stratification System with a Governing Elite-That Is,few Leaders Who

question 55

Multiple Choice

A stratification system with a governing elite-that is,few leaders who broadly hold the power in society-is called a(n) ________ system.

• A) status hierarchy
• B) elite-mass dichotomy
• C) class
• D) caste

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Definitions:

Liquidation

The process of bringing a business to an end and distributing its assets to claimants, often preceded by insolvency.

Noncash Assets

Assets that cannot be easily converted to cash but hold value, such as real estate, equipment, and intellectual property.