The Cost of College Is Not a Concern for Brilliant

question 11

Multiple Choice

The cost of college is not a concern for brilliant students who earn scholarships or for wealthy students, but students from middle- and lower-class families face big issues with student loans. The student loan problem highlights:

• A) the low stratification in the United States
• B) the differences between relative and absolute poverty in the United States
• C) the importance of meritocracy in the United States
• D) the high stratification in the United States

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Definitions:

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually paying fixed dividends.

Common Stock

Equity security representing ownership interest in a corporation, with holders entitled to vote at company meetings and receive dividends.

Distribution

The process of delivering products or services from the production or service delivery point to the end consumer.

Statement of Stockholders' Equity

A financial document that outlines the changes in the equity section of the balance sheet over a reporting period.