Deck 5: Heading the Hierarchy: Upper Class or Superclass

Question 1

A "robber baron" was someone who

A)robbed trains
B)engaged in ruthless business practices
C)stole from the rich and gave to the poor
D)robbed banks

Answer 1

B

Question 2

Early rich men earned their wealth on their own while their contemporaries did so through the use of corporate communities.

Answer 2

True

Question 3

The "management by objective" system of corporate structure is

A)preferable to a subjective system where people's feelings can easily be hurt
B)when all members of the corporation must remain objective in their deliberations about company business
C)company targets and objectives start from the lowest level and moves up to the higher management and finally to the CEO
D)all of the above
E)b and c

Answer 3

C

Question 4

"Eating clubs" at prestigious colleges and universities provide

A)opportunities to make valued contacts
B)opportunities to learn important culinary skills
C)opportunities for students to engage in eating competitions among their peers
D)opportunities for students to provide catering services for their peers

Question 5

Upper-class mothers believe that having nannies who are not upper-class raise their children is helpful in providing the children with the cultural capital they will need to do well in the future.

Question 6

The new rich,unlike the old rich,do not engage in conspicuous consumption.

Question 7

According to Domhoff and Dye,the power elite are those who

A)are upper-class
B)have some education at state universities
C)belong to neighborhood golf clubs
D)work for businesses in mid-level positions
E)all of the above

Question 8

Putting professional management in charge of corporations instead of family members

A)is important when family members don't get along
B)helps when it comes to modern technological changes and complex planning
C)is necessary when there are no heirs to the family fortune
D)is important when management sees philanthropy as a new way to run the businesses

Question 9

Upper-class and upper-middle-class boarding schools require students to

A)engage in community service to see how "the other half" lives
B)participate in sports like basketball
C)wear ties and blazers
D)tutor one another

Question 10

Another name for the upper class is the supreme class.

Question 11

Before banking became prominent in the nineteenth century,affluent people had a lot of all but which of the following?

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

Question 12

The old rich and the new rich have different outlooks and behavior.

Question 13

The process of gaining admittance into an exclusive social club includes

A)an online application form
B)a $1000 one-time yearly dues and application fee
C)one letter of recommendation from a club member
D)an interview before a 10- to 12-person admissions committee

Question 14

Lavish spending on high priced goods and services to flaunt one's wealth is called conspicuous consumption

Question 15

Each year,the U.S.government provides $815 billion in wealthfare to poor individuals and small businesses.

Question 16

The Social Register is an organization that recognizes the old rich.

Question 17

Government "wealthfare" includes

A)military waste,fraud,and incompetence
B)low taxes on capital gains
C)multinational tax avoidance
D)all of the above

Question 18

The new rich are more likely than the old rich to support welfare and immigration reform and other liberal policies.

Question 19

This individual became the nation's second billionaire after he introduced the automobile.

A)J.Edgar Hoover
B)John D.Rockefeller
C)Andrew Carnegie
D)Henry Ford
E)Gerald Ford

Question 20

By the 1760s,many of the wealthy families in the colonies had earned their wealth through

A)negotiations
B)violence
C)sharecropping
D)bank robbery

Question 21

The most powerful CEOs are those who look to diversity their board members along education,race/ethnicity,and class lines.

Question 22

How and why have college admissions excluded some students while including others?

Question 23

Within the U.S.corporate structure,top managers have more authority than their counterparts in foreign businesses.

Question 24

Superclass members are often engaged in the public-policy process because it is beneficial for them.

Question 25

Prestigious colleges and universities are important source of human and social capital.

Question 26

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

Question 27

According to Doob,while important,the power elite have not had a major impact on the U.S.economy.

Question 28

Describe the five issues associated with giving wealthfare to corporations and wealthy individuals.

Question 29

Liberal policy and conservative think tanks spend roughly the same amount of money.

Question 30

Temporal empowerment allows the wealthy to have others do mundane tasks for them.

Question 31

Wealthy families manage and maintain their wealth by distributing a share to each member of the family.

Question 32

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

Question 33

There are more liberal policy think tanks than conservative ones.