The Social Class System in the U.S

question 50

Multiple Choice

The social class system in the U.S.

• A) does not affect how people spend, but does affect how they save.
• B) may put people with the same income level in different social classes.
• C) is based on a person's educational level.
• D) is much more rigid than in Europe and Asia.
• E) does not affect people's attitudes.

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Definitions:

Operating Assets

Resources owned by a business that are used in its day-to-day operations to generate revenue, such as machinery, buildings, and equipment.

Net Operating Income

The profit a company generates from its operations, before taxes and interest, calculated as gross income minus operating expenses.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of the investment.

Operating Assets

Assets that are used for the day-to-day operations of a business, including cash, inventory, and property, plant, and equipment.