Although There Are Many Paths by Which Any Individual Person

question 34

Multiple Choice

Although there are many paths by which any individual person may come to be wealthy, the Ritzer text implies that which of these is the most statistically likely to result in being wealthy?

• A) Inventing new technology
• B) Being born to wealthy people
• C) Having an IQ over 150
• D) Being a top-notch athlete

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Definitions:

Relevant Cost

Costs that should be considered when making decisions because they will be affected by the decision.

Incremental Analysis

The process of evaluating the financial consequences of making changes in business activities, by focusing on the costs and benefits that will change as a result.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since that asset was acquired and made available for use.

Manufacture Further

The process of additional or continued production to create finished goods from raw materials or components.