Social Class Refers to

question 225

Multiple Choice

Social class refers to

• A)groups of people to whom an individual looks as a basis for self-appraisal or as a source of personal standards.
• B)a mode of living that is defined by how people choose to spend their discretionary income and leisure time.
• C)subgroups within the larger,or national,culture with unique values,ideas,and attitudes.
• D)relatively permanent,homogenous divisions in a society in which people sharing similar values,interests,and behavior can be grouped.
• E)a mode of living that is identified by how people spend their time and resources,what they consider important in their environment,and what they think of themselves and the world around them.

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Definitions:

Capabilities

The skills, resources, and competencies that enable an organization or individual to perform effectively.

Capital Market

A financial market in which long-term debt or equity-backed securities are bought and sold, assisting in raising capital.

Financial Resources

Monetary assets available to a company or individual for use in the production of further assets or to cover expenses.

Firms

Businesses or companies engaged in commercial, industrial, or professional activities, aiming to generate profits.