A business that has a 75 percent customer retention rate has an an average customer life of 6 years

Which of the following statements is true of social classes?

A) Social classes are society's temporary divisions. B) Members of a social class have unique and distinct values, interests, and behaviors. C) People within a social class tend to exhibit similar buying behavior. D) Income is the single factor that determines social class. E) Social classes universally exhibit identical product and brand preferences.

The extension of secured credit requires a debtor's pledge of some personal property as collateral for a loan

Indicate whether the statement is true or false