Which of the Following Statements About Social Class Is MOST

question 25

Multiple Choice

Which of the following statements about social class is MOST ACCURATE?

• A)Social class is purely a U.S.phenomenon.
• B)Persons within the same social class do not exhibit common attitudes,lifestyles,and buying behaviors.
• C)Companies cannot use social class as a basis for describing a target market.
• D)A person's lifestyle,income level,and occupation determine his or her social class.
• E)Social class is relatively permanent and homogeneous.

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Definitions:

Economic Resources

Assets or inputs used for the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.

Marginal Product

Marginal product is the additional output generated by using one more unit of a particular input while keeping other inputs constant.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, all other factors being constant.

Resource Productivity

The ratio of output (goods and services) produced per unit of resource input, used to assess the efficiency of resource use.