Question 1

What are agents of socialization?

Group of answer choices

a:Indivuduals, groups. and institutions involved in the socilization process

b:individuals involved in the socilization process

c:groups involved in the socilization process

d:institutions involved in the socilization process

Question 2

Which of the following is typically the earliest agent of socialization?

Group of answer choices

a:School

b:mass media

c:workplace

d:family

Question 3

What is social stratification?

Group of answer choices

a:A socioeconomic system that provides for the betterment of a society

b:A socioeconomic system that manipulates people for profit

c:a socioeconomic system that divides society’s members into categories ranking from high to low, based on things like wealth, power, and prestige

d:The ways in which a sociaoeconomic system pertains to social control and deviance

Question 4

What is meritocracy?

Group of answer choices

a:the social structure that denies any upward mobility

b:The benefits that come only through education

c:An ideal system of rewards for even the laziest among us

d:an ideal system in which personal effort—or merit—determines social standing

Question 5

Structural mobility occurs when:

Group of answer choices

a:an individual moves up the class ladder

b:an individual moves down the class ladder

c:a large group moves up or down the class ladder due to societal changes

d:a member of a family belongs to a different class than his or her siblings

Question 6

The behaviors, customs, and norms associated with a class are known as:

Group of answer choices

a:class traits

b:power

c:prestige

d:underclass

Which taxpayer is potentially eligible to receive the Child Tax Credit? In each scenario, the child mentioned is the taxpayer's only dependent or potential dependent, and the taxpayer provided more than half the child's support.

A. Abigail has a daughter, Malena, who is 7 years old at the end of 2019. Malena lived in Mexico for all of 2019 and is not a U.S. citizen, U.S. national, or U.S. resident alien.

B. Lucia has a niece, Alejandra, who was 9 years old at the end of 2019. Alejandra is not a citizen of the United States. Alejandra does have an Individual Taxpayer Identification Number (ITIN), and she lived in Mexico for all of 2019.

C. Ian has a nephew, Dylan, who is a resident alien. Dylan was 16 years old at the end of 2019. Dylan lived with Ian all year. Dylan obtained a social security number valid for employment before the due date of the return.

D. Perry has a son, Ryan, who was 17 years old at the end of 2019. Ryan is a citizen of the United States and qualifies as a dependent on Perry's 2019 tax return.

Part 2: Wilcoxon Rank-Sum Test

Let us consider another hypothetical situation. The WHO wants to compare the mortality rates of children under the age of five years of underdeveloped and developed regions of the world. There were two independent samples of ten countries from each of the groups drawn at the same time, and the yearly mortality rates of children under the age of five years (per 100,000) inhabitants were reported (MRate1 and MRate2).

Table 2: Mortality Rates of Children

Using the Minitab statistical analysis program to enter the data and perform the analysis, complete the following:

• Run the Wilcoxon rank-sum test to show whether there is a statistically significant difference between the mortality rates of children under the age of five years of the regions. Results may be used in making decisions regarding which region needs to receive help to improve the public health issues of morality.
• Obtain the difference in the mortality rates and whether there is a statistically significant difference.
• In a Microsoft Word document, provide a written interpretation of your results.

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows:

Required:
1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.
2. Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss.

Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.

Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss.

Jaide and Jim plan to send their daughter Sarah (currently 7-year old) to university at the age of 18 for a 4-year undergraduate program in Ontario Tech. University. They intend to invest ANNUALLY in a GIC account, which pays 3.5% interest per year. That is, the first annual deposit occurs today (i.e. 7th birthday) until she turns 17. The university tuition currently is $8,000 per year. It is estimated that the tuitions grow at the inflation rate (2% per year). Tuitions will be paid at the beginning of each year (i.e. when Sarah is 18,19,20, and 21). Assume there is no tax to be paid on the account upon withdrawal. How much should the parents save each year to be able to fully fund their daughter’s university tuition expenses?

During a national emergency, a managerial accountant was called back to active duty with the US Army. An acquaintance of the accountant forged papers and assumed the identity of the accountant. He obtained a position in a small company as the only accountant. Eventually he took over from the manager the functions of approving bills for payment, preparing and signing checks, and almost all other financial duties. On one weekend, he traveled to some neighboring cities and mailed invoices made out to the company for which he worked. On Monday morning, he returned to work and began receiving, approving, and paying the invoices he had prepared. The following weekend he returned to the neighboring cities and cashed and deposited the checks in bank accounts under his own name. After continuing this practice for several months, he withdrew all of the funds and never was heard from again.

What steps could you have taken to prevent this theft? Remember that this small company had limited financial resources and limited personnel.

The administration at a university is interested in studying if any relationship exists between quality of academic experience at the school and whether the student is a major in the College of Humanities and Social Sciences (HSS major) or has a major in the College of Business (Business major). The school randomly surveys 10 seniors who are HSS students and 10 seniors who are Business students and asks them to rate the quality of their academic experience on a scale of 1-10, where 10 is extremely high and 1 is extremely low. Here are the data:

The HSS majors have a mean of 7.5 and a variance of 3.6, whereas the Business majors have a mean of 6.5 and a variance of 2.9.

Answer the following questions:

1. What is the null hypothesis? (1 point)

2. What is the research hypothesis? (1 point)

3. What is the dependent variable? (1 point)

4. Write out the results of an independent samples t-test using these data. In other words, provide the numerical answers: t-statistic, your critical value of t (or p-value), and degrees of freedom. (4 points)

5. Write a paragraph to explain the results of the hypothesis test using statistics from the problem with alpha=0.05. This should be two or more formal sentences to describe your findings and conclusions.