Kim-Lee founded a software development company at the age of 27. Over time, he developed the company into a multibillion-dollar transnational organization. He is currently the chief technical officer of the company, holds 75 percent stock of the company, and makes major decisions regarding the products that would be made available to consumers. In the context of Wright's model of the U.S. class structure, Kim-Lee belongs to the __________.

Answers

Answer 1

Based on his activities so far, Kim-Lee according to Wright's model of the U.S. class structure, belongs to the Capitalist class.

What is Wright's model of the U.S. class structure?

Erik Wright identified four social classes in the United States which are the Capitalists, the Petty Bourgeoise, the Managers, and the Workers.

Kim-Lee is a capitalist because these are the people who own companies and are very wealthy.

Find out more on the U.S. class structure at https://brainly.com/question/15217100.

#SPJ12


Related Questions

Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers are able to beat the market consistently, the majority of mutual funds underperform the market index at every point in the market cycle as well as in the long-run. B. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index. C. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run approximately half of all mutual funds underperform the market index. D. No mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index.

Answers

The correct option is (d).

Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit. Each variety has unique characteristics, dangers, and benefits.The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation. The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

Learn more about mutual funds performance brainly.com/question/9000802

#SPJ4

When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the seller should account for revenue using:

Answers

When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the seller should account for revenue using "cost recovery method".

What is cost recovery method?

According to the "Cost Recovery Rule," any excess cash value (cost basis) over premium payments that results from a partial withdrawal of cash or a policy surrender is taxable income.

Calculation for cost recovery method includes:

the product's operating expenses, such as those for hardware, software, and labour, should all be added up.Analyse whole revenue, regardless of whether a client made a lump-sum payment or several instalments.To calculate the profit, deduct the cost of products from whole sales.

To know more about the lump-sum payment, here

https://brainly.com/question/23220127

#SPJ4

Within a ________________________ economy, we often see both producers and consumers responding to the incentive of price changes.

Answers

In a market economy, both producers and consumers respond to the incentive of price changes.

What is the economy?

An economy is an area where products and services are produced, distributed, and traded as well as consumed by various agents.

A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.

Learn more about the Market economy:

https://brainly.com/question/2343400

#SPJ1

The elements in a defamation case are: a. defamatory statement; falsity; communication; and injury. b. a contract; knowledge of the contract; improper inducement; injury. c. false or misleading fact statements; statements in commercial advertising; likelihood of harm. d. duty; breach of duty; proximate causation; and damages.

Answers

The elements in a defamation case are defamatory statement; falsity; communication and injury. Thus the correct answer is A.

What is defamation?

The act of defamation is applied when the public appearance of an individual in terms of reputation, respect, and image got damaged by a third party person.

The element of a defamation case includes-

A statement that spoils the image of an individual.the passing of any false information about an individual to the public.This causes damage to individuals' social presence. When the case is presented in court it is noticed that injury has been made to individuals as they received mental stress and public hatred.

Learn more about defamation, here:

https://brainly.com/question/15863456

#SPJ1

What does copyright law protect?

Answers

Answer:

Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.

The marginal tax rate is equal to the Group of answer choices total amount of a person's tax payment divided by the total amount of the person's taxable income. total amount of a person's tax payment divided by the change in the person's taxable income. change in the person's tax payment divided by the total amount of the person's taxable income. change in the person's tax payment divided by the change in the person's taxable income.

Answers

The marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.

What is marginal tax rate?

The marginal tax rate refers to the extra amount paid as tax for each additional dollar earned as income.

Hence, the marginal tax rate is equal to the change in the person's tax payment divided by the change in the person's taxable income.

Learn more about marginal tax rate here: https://brainly.com/question/14145043

#SPJ12

Which best explains why international trade agreements are beneficial for developing economies?.

Answers

They can help countries to grow quickly.

a(n) ______ team is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.

Answers

Entrepreneurial team  is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.

What is Entrepreneurial team?

Entrepreneurial team serves as the team that come together to form a team of managers so that can carry out research to work on a new product.

They are usually from different areas of business with necessary skills for the work.

Learn more about Entrepreneurial team on:

https://brainly.com/question/16258491

#SPJ11

When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate

Answers

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.

Answers

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

What does law of supply states?

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

Read more about law of supply

brainly.com/question/1222851

#SPJ12

The law of diminishing returns states that, ceteris paribus, the

Answers

The law of diminishing returns states that, ceteris paribus, the rate of profit from an investment will continue to diminish as more capital ins invested into that product.

What is Ceteris Paribus?

Ceteris Paribus is a Latin phrase often quoted in economics that means "all things being equal". It is used to connote the fact that in the consideration of a law, sometimes it is assumed that all other factors are given or at play.

It is to be noted that the Law of Diminishing Returns is also applicable to Labor, Utility and Marginal Returns.

Learn more about the Law of Diminishing Returns at;
https://brainly.com/question/19070161
#SPJ12

what is the type of occupation of densist​

Answers

Answer:

Dentist is an occupation related to dental/tooth disease.

Explanation:

It is an occupation related to dentistry which is in the field of health.

Beau, a fashion design company, organizes an online contest. Participants are asked to design women's apparel to be posted on a social media website where its members can vote and provide feedback. Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in _____. a. crowdsourcing b. tagging c. brandjacking d. blogging

Answers

Based on those votes, Beau will announce the winner and offer that individual a job at its firm. In this scenario, Beau is involved in crowdsourcing.

What does Crowdsourcing mean?

Crowdsourcing is the practice of turning to a body of people to obtain needed knowledge, goods or services.

The term crowdsourcing is a combination of crowds and outsourcing and was coined in 2006 by Wired magazine author Jeff Howe in his article "The Rise of Crowdsourcing."

As the term implies, crowdsourcing is when an entity -- whether an individual or an organization -- requests specific resources from a group of people (the crowd). Businesses, individuals and organizations of all kinds have used this process to solicit ideas and raise money as well as consolidate and promote information.

These entities leverage the internet, social media and purpose-built platforms to elicit and receive the knowledge, goods or services they're seeking. This allows them to engage with a broader spectrum of sources than they would if they had used employees, suppliers and other traditional sources of expertise via conventional routes of engagement.

Thus, we can say that the correct option is A.

Learn more about crowdsourcing on:

brainly.com/question/13759501

#SPJ4

A consumer contest is an example of Group of answer choices sales promotion. public relations. personal selling. indirect selling. social media.

Answers

In marketing, an example of a Sales promotion is a consumer context.

What is a Sales promotion?

This refers to strategy employed by a firm who uses a campaign or offer to increase the consumer;s interest or demand in its product

Because the consumer context involves making relevant offers when the customer is poised to make a purchase, this is an example of Sales promotion.

Therefore, the Option A is correct.

Read more about Sales promotion

brainly.com/question/14772910

#SPJ11

The consumer contest is SALES PROMOTION.

SALES PROMOTION is a methodical way a company sells its product to target customers.It requires the company to check its customer demands the company also offers a discount to the customer to gain their trust and confidence.  It also helps in making long-term relationships with their customer.

The correct answer is option A.

To learn more about SALES PROMOTION

https://brainly.com/question/14772910

#SPJ10

the ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called ______.

Answers

The ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called the rationing function of prices.

What is the rationing function of prices?

Rationing function of price  is used to measure the goods that consumer can use their money to buy.

When their is scarcity of goods in the market this means that demand will be  above supply and the outcome is that price of goods   will tend to increase or  bid up.


Therefore the ability of the competitive forces of supply and demand to establish a price  is called the rationing function of prices.

Learn more about Rationing function of price  here:https://brainly.com/question/13123950

#SPJ11

friedman and phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between:

Answers

Friedman and Phelps suggested that there should not be a stable relationship between inflation and unemployment, but there should be a stable relationship between: unanticipated inflation and cyclical unemployment.

What is inflation?

This is the time in the government or the economy of a nation where they are faced with the rise in the prices of goods and services.

This may cause people to lose their jobs and also cause people to buy less of goods and services.

Read more on inflation here:

https://brainly.com/question/8149429

#SPJ12

Using the aging approach, management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be ______ the Allowance for Doubtful Accounts on the balance sheet. Multiple choice question. the same amount as $100 less than $100 more than

Answers

Using the aging approach management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible.  The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be the same amount as $10,000 the Allowance for Doubtful Accounts on the balance sheet.

What is Accounts Receivable?

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.

How do you record Bad Debt Expense?

To record the bad debt expenses, you must debit bad debt expense and a credit allowance for doubtful accounts. With the write-off method, there is no contra asset account to record bad debt expenses. Therefore, the entire balance in accounts receivable will be reported as a current asset on the balance sheet.

Learn more about Bad Debt Expense on:

brainly.com/question/24871617

#SPJ4

the saving component of financial planning focuses on long-term security and includes:

Answers

The saving component of financial planning focuses on long-term security and includes a regular savings plan for emergencies.

What is financial planning?

Financial planning can be described as the process of evaluating a person's present income and future financial situation using currently available data to forecast future asset values, earnings, and withdrawal schedules.

Long-term financial planing serve as the foundation for the creation of short-term plans and budgets later in the financial planning process.

The saving portion of financial planning emphasizes long-term security and includes a consistent savings plan for emergency expenses.

Learn more about financial planning here: https://brainly.com/question/17586668.

#SPJ12

A tech research and development team is struggling through a problem with its software. The team brainstorms and asks questions that lead the group to develop experiments to narrow down understanding of the issues involved. The team follows through on those and discovers the process that led to the glitch. Team members then discuss their options based upon this new understanding. This is an example of what theory of learning

Answers

The theory of constructivism learning is depicted by the process followed by the team to discovers the process that led to the glitch.

What is a constructivism learning?

This theory of learning suggest that learners should construct knowledge rather than just passively take in information.

Hence, the theory of constructivism learning is depicted by the process followed by the team to discovers the process that led to the glitch.

Read more about constructivism theory

brainly.com/question/13536394

#SPJ1

Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition

Answers

Answer:

I think it should be D keep checking just in case

The answer is D I think

Which nims management characteristic is necessary for achieving situational awareness?.

Answers

The NIMS Management Characteristic is facilitating information sharing is Integrated Communications.

What are the characteristics of NIMS?

All levels of government are governed under the National Incident Management System (NIMS). Common nomenclature, modular organization, management by objectives, and incident action planning are some of the key traits.

Interoperable communication methods and systems, which include voice and data linkages, are developed and put to use to facilitate integrated communications.

To sustain connectivity, establish situational awareness, and make information sharing easier, integrated communications are required.

As a result, integrated communications is the correct option.

Learn more about on NIMS, here:

https://brainly.com/question/27106824

#SPJ1

A speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness. True or False ?

Answers

It is true that a speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness.

What is anecdote?

Anecdote are short stories that can be used during presentation to make the audience relate with the story and also follow the speaker.

If a speaker want to be lively anecdote can be used to keep the audience alive.

Therefore,

It is true that a speaker wanting to use humor in his/her presentation should be sure to practice the joke or anecdote to maximize its effectiveness.

Learn more on anecdote below

https://brainly.com/question/23945436

#SPJ1

How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.

Answers

Answer: within five days or 10

Explanation:

A(n) __________ is one that appears to be an agreement but lacks an essential requirement for validity and enforceability. Multiple Choice executed contract valid contract enforceable contract void contract voidable contract

Answers

A document that purports to be an agreement but does not include all necessary terms is known as a void contract. Therefore, choice 3 is right.

What do you mean by a contract?

A contract is defined as a commitment to do something between two or more parties. A loan arrangement between automobile purchasers and sellers is an illustration of a contract.

An arrangement between two persons to get married is an example of a contract.

A formal contract that is effectively void and unenforceable from the moment it is created is known as a void contract.

Hence, the correct option is Void contract to be filled in given blank

Learn more about contracts:

https://brainly.com/question/2669219

#SPJ1

A gold standard ensures a long-run tendency toward price stability because

Answers

A gold standard ensures a long-run tendency toward price stability because the cost of producing an ounce of gold stays relatively constant overtime.

What is a gold standard?

A gold standard is the system, abandoned in the Depression of the 1930s, by which the value of a currency was defined in terms of gold, for which the currency could be exchanged.

Therefore, the correct answer is the cost of producing an ounce of gold stays relatively constant overtime.

learn more about a gold standard: https://brainly.com/question/2222040

#SPJ12

Valuation of a swap during its life will least likely involve the:

Answers

Valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage.

What is Swap?

Swap involves two individual that exchanging properties or money. This individual use different tools for the exchange as desired by them.

Arbitrage allows for sale of goods or property at the highest asking price and valuation will most like involve in it.

Therefore, valuation of a swap during its life will least likely involve in the application of the principle of no arbitrage

Learn more on swap below,

https://brainly.com/question/22298763

#SPJ12

Ryan and Carly are planning to enter into a limited partnership in which neither the general partners nor the limited partners have personal liability for the debts and obligations of the partnership. They agree that debts of the partnership are solely the responsibility of the partnership, not of the general or the limited partners. According to their agreement, Ryan and Carly are forming a ________.

Answers

According to their agreement, Ryan and Carly are forming a Limited Liability Partnership.

What is a limited liability partnership?

A limited liability partnership is a business structure that allows partners' liabilities to be limited to the amount they agreed to contribute to the partnership.

The purposes of establishing a partnership are:

Spreading the riskLeveraging individual skills and expertiseEstablishing a division of labor.

Thus, according to their agreement, Ryan and Carly are forming a Limited Liability Partnership.

Learn more about limited liability partnerships at https://brainly.com/question/25012970

#SPJ12

Bell Repair Service allocates overhead based on $50 per trip to each home that requests repair work, plus $1.20 per mile driven to the home. During the past week, Bell provided repair services for 20 customers with average driving distance of 15 miles each. What is the amount of overhead allocated for the week?

Answers

The amount of overhead allocated for the week will be $1360.

How to calculate the amount?

The amount of overhead allocated for the week will be calculated thus:

= (20 × $50) + (15 × $1.20 × 20)

= $1000 + $360

= $1360

Therefore, the amount of overhead allocated for the week will be $1360.

Learn more about overhead on:

brainly.com/question/26372929

#SPJ1

When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________.

Answers

When the Federal Reserve calls in a discount loan from a bank, the monetary base increases, and reserves increase.

What is the monetary base?

The total quantity of cash in the hands of the general people or in the form of commercial bank deposits kept in the reserves of the central bank constitutes the monetary base. Since it does not include various types of non-currency money that are common in a modern economy, this measure of the money supply is not frequently used.

The monetary base increases as the Federal Reserve generates additional funds to buy bonds from commercial banks, increasing the banks' reserve holdings in the process.

Learn more about the monetary base here:

https://brainly.com/question/13986631

#SPJ4

Morse Company reports total contribution margin of $68,640 and pretax net income of $13,200 for the current month. The degree of operating leverage is:

Answers

The degree of operating leverage is [tex]0.83[/tex].

What is the degree of operating leverage?How much a company's operating income alters in reaction to a change in sales is measured by the level of operating leverage.Analysts can assess the effect of any change in sales on business earnings using the DOL ratio.Due to the high percentage of fixed expenditures in an organization with high operating leverage, a significant increase in sales may result in outsized changes in profitability.Operating leverage formula:

[tex]\frac{FC}{TC} = \frac{FC}{FC+VC}[/tex]

Where FC is a fixed cost, TC is the total cost and VC is a variable cost.

Solution -

Contribution margin is $68,640 and pretax net income is $13,200.

So, applying the values in the formula we will get:

[tex]\frac{68,640}{13,200+68,640}[/tex]

[tex]0.83[/tex]

Therefore, the degree of operating leverage is [tex]0.83[/tex].

Know more about operating income here:

https://brainly.com/question/25895372

#SPJ4

Other Questions
Dexter makes 40 cookies.He eats 16 of the cookies and take the rest to school.What percentage of the cookies does he take to school? The marketing concept that states that a business must find out what consumers want and provide it for them is called the: Flying against the wind, an airplane travels 2520 kilometers in 4 hours. Flying with the wind, the same plane travels 9450 kilometers in 9 hours. What is the rate of the plane in still air and what is the rate of the wind? In 30 words or fewer, describe what Connie's actions in the quote above might reveal about her. Place the following statements in the correct order in the blanks below to describe how gas exchange occurs in the leaf. Make sure you include how the gas enters, and how it exits the leaf. Some statements may be used more than once. a. Diffuses into air pockets b. Diffuses into palisade cells c. CO2(g) is converted into O2(g) d. Diffuses through spongy tissue layer e. Moves through open stomata ____ ____ ____ ____ ____ ____ ____ ____ ____ please help!!!picture below 3.12 LAB: Output range with increment of 5 Write a program whose input is two integers, and whose output is the first integer and subsequent increments of 5 as long as the value is less than or equal to the second integer. Ex: If the input is: -15 10 Match the terms to their correct definitions.1. Adjusted balance planning for the distribution of one's estate after death 2. ATM Automatic (or Automated) Teller Machine the annual interest cost 3. Bond a share in the ownership of a company 4. Certificates of deposit (CD's) document that specifies how one desires his estate to be distributed upon his death 5. Checking account a share of money earned as profits by a company and distributed to its stockholders 6. Club account a sum on deposit usually for a given period of time at a fixed interest rate 7. Compound interest accounts are set up to save for specific purchases 8. Debit card can be used like a credit card, but money is deducted directly from bank account 9. Dividend a trust established while the owner of the trust is still alive 10. Estate planning interest figured only on the amount of money in the savings account 11. Interest interest figured on the amount of money in the savings account plus the amount of interest already earned 12. Intestate permits the customer to make transactions by using a special computer terminal 13. Investment an estate, or other property or money, given to a person or institution to manage 14. Living trust like loaning money to the company for interest 15. Mutual fund account allows you to write an instruction to the bank, as a check, to make a payment from that account 16. Simple interest without a will 17. Stocks a commitment of money in order to gain a financial return 18. Trust investment instrument in which you purchase a part of a collection of investments 19. Will balance after adding the outstanding deposits and subtracts the outstanding checks to the balance on the statement 20. Yield the fee a bank pays you to keep your money Can somebody help me with this questionIll very much appreciate it Which feature on a cisco router permits the forwarding of traffic for which there is no specific route? hich initiatives are pillars of the Lets Move! program? Select three options.increasing physical activityproviding more snack times in schoolscreating a healthy start for childrenempowering parents and caregiversproviding children with vitamin supplements You are alone and have identified a child who is not responsive. You have performed chest compressions for 2 minutes. What is the next step in CPR?A. Try to find a pulse.B. Call 911.C. Continue chest compressions.D. Go get help Which of the following is equivalent to the sum of expressions 2a^2 + 2 and a 2A = 2a^2+aB = a^3-2C = 2a^2D = a^2-2 Which of the following is a correct statement regarding the free energy?It is energy available to create bonds.It always has the same value.It is stored between atoms.It is known as kinetic energy. Here is the equipment you need for rock collecting. a. normal b. inverted c. command 0.27 recurring as a fraction please Which of the following phrases goes in the empty box in the chart above? is the number there three? if you answer to me i will give you twenty Points. The table below shows the amount of money spent on skin diving and scuba equipment in some recent years.Skin Diving and Scuba EquipmentYearSales ($millions)199331519943221995328199634019983451999363Let x represent the year and y represent the amount of sales, in millions of dollars, in the regression equation.y = 7.36 x minus 14,354.33,Use the regression equation to predict the sales of skin diving and scuba equipment in the year 2008.a.44,000,000b.440,000,000c.42,455,000d.424,550,000Please select the best answer from the choices providedABCDMark this and return What are two purposes of this document ?