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
If firms are more realistic about the services they can provide and at the same time manage customer expectations effectively, they generally can close this gap. Multiple Choice Knowledge Standards Delivery Communication Ethical
Answers (1)
When an accountant allocates the cost of a piece of equipment over a period of time, this is called?
Answers (1)
According to the quantity theory of money, if the money supply increases by 7 percent, then in the long run: a. the price level goes down by 7 percent. b. the price level goes up by less than 7 percent. c. the price level goes up by 7 percent. d.
Answers (1)
One reason to buy a home instead of rent a home is:
Answers (1)
Identify a true statement about responsive supply chains. a. They use only a few, large distribution centers to generate economies of scale. b.
Answers (1)
New Questions in Business
Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions asked. This is an example of how Zappos has a strong competitive advantage through
Answers (1)
Based on the corporate valuation model, the total corporate value of chen lin inc. is $900 million. its balance sheet shows $110 million in notes payable, $90 million in long-term debt, $20 million in preferred stock, $140 million in retained
Answers (1)
Larry's lizards and ronaldo's reptiles are competing pet store franchises. both are considering opening a store in the small town of turtleville.
Answers (1)
How does the government of a republic typically shape its economy? A. The government allows citizens to own private businesses. B. The government blocks the ownership of personal property. C. The government owns all homes and other forms of housing.
Answers (1)
For a business credit card, most companies that issue credit, including Visa and Mastercard, specifically state their liability policies: Only cover the first $50.
Answers (1)