The money a person receives from a wage or salary or from investments is income, and the assets an individual owns are wealth. Why is wealth considered more significant in social stratification?
a. Wealth is more predictable and is held only by the top 1 percent.
b. Income tends to favor the lower and middle classes, while wealth is the domain of the superrich.
c. Wealth is more predictable and can be used to generate more wealth.
d. Income is more predictable, but only wealth can create capital.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The money a person receives from a wage or salary or from investments is income, and the assets an individual owns are wealth. Why is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
At Dreher Products, management establishes monthly goals for its manufacturing teams but team members are free to determine work assignments, schedules, and evaluation parameters. Which component of job enrichment theory does this best reflect?
Answers (1)
Closing entries and a post-closing trial balance are steps in the accounting cycle that occurA : quarterly. B : monthly. C : daily. D : annually.
Answers (1)
On January 1, 2018, the stockholders' equity section of Nance Corporation shows: Common stock ($2 par value) $1,200,000; paid-in capital in excess of par value $2,500,000; and retained earnings $1,000,000.
Answers (1)
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Sales $ 80,000 Accounts receivable increase $ 8,000 Expenses: Inventory decrease 3,000 Cost of goods sold
Answers (1)
Cron Corporation is planning to issue bonds with a face value of $700,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31.
Answers (1)
New Questions in Business
News about the airport closing spread from the public safety manager to the deputy directors to members of airport security to aircraft rescue personnel to administrative assistants and then to the rest of the airport employees.
Answers (1)
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for building a foundation and installing the machinery.
Answers (1)
John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment today of $46 million, 10 annual end-of-year payments of $7 million, or 30 annual end-of-year payments of $4 million.
Answers (1)
Why should you read the label on a bottle twice before using its contents?
Answers (1)
Steve is a fan of the los angeles lakers basketball team. with little provocation, he will engage you in a debate about whether it is the greatest team in basketball. what may steve be demonstrating
Answers (1)