Deck 5: Heading the Hierarchy: Upper Class or Superclass

Question 1

Before banking became prominent in the nineteenth century, affluent people had a lot of wealth but not which of the following?

A) slaves
B) jewels
C) livestock
D) money
E) land

Answer 1

D

Question 2

The rich in the 19^th century put their wealth on full display by doing all except

A) taking out advertisements to show how much they owned
B) attending fancy costume balls
C) throwing lavish parties
D) flaunting their wealth
E) taking trips on luxury ocean liners

Answer 2

A

Question 3

Tax beaks for corporations and the very wealthy are due to

A) slow depreciation on values of buildings and equipment
B) high taxes on capital gains
C) multinationals paying large taxes
D) substantial subsidies of major industries
E) none of the above

Answer 3

D

Question 4

The organization that celebrates upper-class families' status is called the

A) Social Security Administration
B) Social Services
C) Social Register
D) Society of Wealthy Families
E) Association of Socially Registered Individuals

Question 5

Schools for the rich help children from wealthy families by doing all except

A) teaching students how to work with people from diverse backgrounds whose families they promise to employ in low-paying jobs
B) indoctrinating students in the values and virtues of competitive self-reliance
C) imparting cultural capital
D) preparing students to be successful in school and later in life

Question 6

Elite social clubs

A) waive membership fees for those who are unable to afford them
B) can require a letter of recommendation from a club member
C) are based on a first-come, first-served basis
D) never admit women

Question 7

An organization formed when family members pool some of their resources and hire experts to handle their investments, charitable giving activities, and donations is called a

A) family forum
B) family salon
C) family office
D) corporate directorate
E) multinational

Question 8

The American corporate structure is made up primarily of individuals from

A) the middle-class
B) the upper-class
C) the upper-middle class
D) the working class
E) a and b
F) b and c

Question 9

The rags to riches experience of one who was born poor becoming wealthy is a common feature shared by the majority of wealthy individuals in the U.S.

Question 10

Globalization and technology change made a significant impact on producing new rich people.

Question 11

Upper-class mothers leave their nannies to raise their children.

Question 12

Nannies are helpful in providing the children of the upper-class with the cultural capital they will need to do well in the future.

Question 13

Elite social clubs have become less prestigious due to their open-door policy where anyone who can afford to, can purchase a day pass for entry.

Question 14

In order to increase their wealth, individuals or families with extensive financial assets may open a family business.

Question 15

The Fortunate 500 list shows that women and minorities are underrepresented on its boards of directors

Question 16

Superclass members are less often engaged in the public-policy process due to their lack of social capital.

Question 17

There are fewer liberal policy think tanks than conservative ones.

Question 18

The power elite has had a major impact on the U.S. economy.

Question 19

How does gaining membership into the Social Register exemplify status differences between the old rich and the new rich?

Question 20

Explain how corporate leadership maintain corporate hierarchies.

Question 21

How do prestigious colleges and universities and elite social clubs perpetuate the upper classes?