Outline the Major Assumptions of the Structural-Functional Theory of Stratification

question 105

Essay

Outline the major assumptions of the structural-functional theory of stratification (Davis and Moore)and critically evaluate this explanation of structured social inequality.

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Definitions:

Adjusting Entries

Entries recorded in journals at the conclusion of an accounting cycle to properly distribute revenues and expenses to the corresponding period.

Adjusting Entries

Entries made in the accounting records at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Accruals

Adjusting entries for either accrued revenues or accrued expenses.

Deferrals

Adjusting entries for either prepaid expenses or unearned revenues.