Which of the Following Is NOT True of All Systems

question 58

Multiple Choice

Which of the following is NOT true of all systems of social stratification?

• A)People are ranked according to social categories such as race and gender.
• B)A person's life chances are significantly influenced by his or her social category.
• C)Ranks of social categories tend to change slowly over time.
• D)If a person no longer identifies with the other members of his or her category, he or she is no longer classified at that level.
• E)Social rankings reflect social inequality.

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Definitions:

Residual Claim

The right of common stockholders to claim assets remaining after debts and liabilities have been settled in a liquidation event.

Stockholders' Right

Entitlements or privileges afforded to shareholders, including the right to vote on corporate matters, receive dividends, and share in the distribution of assets upon liquidation.

Dividends

Payments made by a corporation to its shareholder members, typically from profits or reserves.

Retained Earnings

The portion of net income left over after dividends are paid to shareholders, reinvested in the business or used to pay off debt.