Question 1

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

Accepted Answer

The answer of The most powerful CEOs are those who...

Question 2

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

Accepted Answer

The answer of How and why have college admissions excluded...

Question 3

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

Accepted Answer

In the U.S. corporate structure, top managers have more authority than their counterparts in foreign businesses because they are typically given more autonomy and discretion in decision-making.

Question 4

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

Accepted Answer

Superclass members often have large amounts of wealth and power, and therefore have a vested interest in shaping public policies to benefit their interests. They may use their resources and influence to lobby politicians and policy makers or even run for office themselves.

Question 5

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

Accepted Answer

Prestigious colleges and universities provide their students with access to high-quality education, valuable networks and connections, and a strong reputation that can open doors in the job market and beyond. All of these factors contribute to the development of human and social capital, which are key drivers of individual and societal success.

Question 6

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

Accepted Answer

The answer of How does gaining membership into the Social...

Question 7

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

Accepted Answer

Doob actually argues that the power elite have had a significant impact on the U.S. economy through their control of key industries and government policies.

Question 8

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

Accepted Answer

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Question 9

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

Accepted Answer

Conservative think tanks receive significantly more funding than liberal policy groups. According to a report by the National Committee for Responsive Philanthropy, conservative think tanks received a total of $1.2 billion in funding between 2003 and 2013, while liberal policy groups received $472 million during the same period.

Question 10

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

Accepted Answer

Temporal empowerment refers to the ability to control and maximize time. This can involve delegating tasks or having others do mundane tasks for the wealthy, thus freeing up their time for more important or enjoyable activities.

Question 11

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

Accepted Answer

Wealthy families often manage and maintain their wealth through various strategies such as investing, creating trusts, and establishing family offices, rather than simply distributing shares of wealth directly to each family member.

Question 12

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

Accepted Answer

The answer of How do prestigious colleges and universities and...

Question 13

There are more liberal policy think tanks than conservative ones.

Accepted Answer

Studies and surveys have shown that there are more conservative policy think tanks than liberal ones, particularly in the United States.

Quiz 5: Heading the Hierarchy: Upper Class or Superclass