When a Number of Individuals Occupy the Same Relative Economic

question 46

Multiple Choice

When a number of individuals occupy the same relative economic rank in the stratification system, they form a(n)

• A) oligarchy.
• B) hierarchy.
• C) social class.
• D) social caste.

---

Definitions:

Other Income

Revenues earned from activities that are not related to a company's primary business operations.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific time period.

Liquidated

The process of converting assets into cash or cash equivalents by selling them in order to pay off debts and liabilities.

Preferred Stockholders

Investors who own shares in a company that have preferential rights over common stockholders, typically regarding dividends and assets upon liquidation.