PART II
A BANK OF MULTIPLE CHOICE AND
MATCHING QUESTIONS BY CHAPTER
, CHAPTER 1
1. A growing disparity of income among members of USA society is directly attributable to
(a) increase in federal taxes
(b) rise of two-wage earner families
(c) demand for workers with higher levels of knowledge and skills
(d) lack of job opportunities at lower pay levels
2. Approximately what percentage of residents in the USA are in the lower class?
(a) 15
(b) 30
(c) 45
(d) 60
3. What is the average labor cost as a percentage of total business cost for most USA
organizations?
(a) 10%
(b) 40%
(c) 60%
(d) 80%
4. Which one of the following classes would not be part of a traditional three-class society?
(a) poverty
(b) lower class
(c) middle class
, (d) upper class
5. Entry into middle-middle class for most USA families requires a family income of
(a)$25,000 to $30,000
(b)$35,000 to $40,000
(c)$45,000 to $50,000
(d)$65,000 to $70,000
6. The financial strength to own your own home normally begins with entry into the
(a) working poor
(b) lower-middle class
(c) middle-middle class
(d) upper-middle class
, In the following group, make the best match between the words in the column on the left with the
description on the right. In the blank space to the left of each term, write the letter of the item which
best matches it. Do not use an item in the right-hand column more than once.
7. ____competitive (a) profit is okay
8. ____middle class in USA (b) keep costs within acceptable
levels
9. _____nontraditional household (c) ultra-rich
10. _____owner of Microsoft (d) 65% to 70%
11. _____capitalism (e) working women
12. _____47% to 48% of work force (f) single parent families
A BANK OF MULTIPLE CHOICE AND
MATCHING QUESTIONS BY CHAPTER
, CHAPTER 1
1. A growing disparity of income among members of USA society is directly attributable to
(a) increase in federal taxes
(b) rise of two-wage earner families
(c) demand for workers with higher levels of knowledge and skills
(d) lack of job opportunities at lower pay levels
2. Approximately what percentage of residents in the USA are in the lower class?
(a) 15
(b) 30
(c) 45
(d) 60
3. What is the average labor cost as a percentage of total business cost for most USA
organizations?
(a) 10%
(b) 40%
(c) 60%
(d) 80%
4. Which one of the following classes would not be part of a traditional three-class society?
(a) poverty
(b) lower class
(c) middle class
, (d) upper class
5. Entry into middle-middle class for most USA families requires a family income of
(a)$25,000 to $30,000
(b)$35,000 to $40,000
(c)$45,000 to $50,000
(d)$65,000 to $70,000
6. The financial strength to own your own home normally begins with entry into the
(a) working poor
(b) lower-middle class
(c) middle-middle class
(d) upper-middle class
, In the following group, make the best match between the words in the column on the left with the
description on the right. In the blank space to the left of each term, write the letter of the item which
best matches it. Do not use an item in the right-hand column more than once.
7. ____competitive (a) profit is okay
8. ____middle class in USA (b) keep costs within acceptable
levels
9. _____nontraditional household (c) ultra-rich
10. _____owner of Microsoft (d) 65% to 70%
11. _____capitalism (e) working women
12. _____47% to 48% of work force (f) single parent families
