Which of the following statements regarding social class is true?
A. A social class is a closed aggregate of people with similar social ranking.
B. The criteria used to group people into social classes do not vary from one culture to another.
C. A social class is an open aggregate of people with similar social ranking.
D. A social class is a ranking of people by other members of society into positions of social respect.
E. A social class is an open aggregate of people with different social rankings.
Answer: C
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On March 2, 2014, Burton Corporation issued 4,000 shares of 6 percent cumulative $100 par value preferred stock for $434,000 . Each preferred share carried one nondetachable stock warrant which entitled the holder to acquire, at $17, one share of Burton $10 par common stock. On March 2, 2014, the market price of the preferred stock (without warrants) was $90 per share and the market price of the
stock warrants was $15 per warrant. The amount credited to Paid-In Capital in Excess of Par-Preferred by Burton on the issuance of the stock was a. $0. b. $8,000. c. $34,000. d. $62,000.
Thom refused his employer's request to falsify the contents of a report to the Department of Labor. The employer subsequently discharged Thom for insubordination. In his wrongful discharge suit, Thom argued which one of the following exceptions to at-will employment?
A. Equal employment B. Public policy C. Implied contract D. Quasi-contractual obligation E. Reverse discrimination
All the relevant information that an investor would want to know about a company before investing in it is known as:
a. real information b. investment information c. material information d. informed information e. security information
Explain the difference between an expenditure and an expense.
What will be an ideal response?