Which of the Following Observations About Social Classes in the United

question 82

Multiple Choice

Which of the following observations about social classes in the United States is true?

• A)The middle class makes up more than half of the American population.
• B)The proportion of population belonging to the upper class in the U.S.is the smallest.
• C)The working class and lower Americans have identical demographic features,consumption goals,and economic capabilities.
• D)The social classes are the sole determining factor for the purpose of market segmentation.

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Definitions:

Composite Units

A measurement used in accounting to collectively represent a group of similar items or transactions as a single entity.

Break-Even Point

The point at which total costs and total revenue are equal, meaning the business is neither making a profit nor a loss.

Sales Mix

The combination of different products or services that a company sells, influencing overall sales volume, revenues, and profits.

Break-Even Point

The level of production or sales at which total costs equal total revenue, resulting in zero profit or loss.