Even If Stratification Is Inevitable, the Functionalist Explanation for Differential

question 34

True/False

Even if stratification is inevitable, the functionalist explanation for differential rewards does not explain the wide disparity between the rich and the poor.

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Definitions:

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating how much a company earns from its core business activities before subtracting overheads.

Cost of Goods Available for Sale

The total cost of goods that a company has in its inventory and available for sale, including those purchased or manufactured.

Income Statement

A financial report that shows a company’s revenues and expenses over a period of time, leading to net profit or loss.

Missing Amounts

Figures or data that are not included in financial statements or records, requiring adjustments or calculations to determine.