Which of the Following Best Describes the "Thomas Theorem"-A Saying

question 53

Multiple Choice

Which of the following best describes the "Thomas Theorem"-a saying attributed to sociologist W.I.Thomas?

• A)"With great power comes greater responsibility."
• B)"The more wealthy a society becomes,the less likely they are to achieve class consciousness."
• C)"He who has the most money makes the rules."
• D)"If men define situations as real,they are real in their consequences."

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Definitions:

Original Cost

The initial monetary value of an asset or item when it was first acquired by a company or individual.

Cash

Money in the form of coins or notes, as opposed to checks, credit, or other forms of payment.

Loss

The negative financial result from a business’s operations or transactions when costs and expenses exceed revenues.

Net Income

The amount of money left after all expenses, taxes, and costs have been subtracted from total revenue, indicating the profit earned by a company.