for MGT 305 Economic / Social Classes Due: Midnight Sunday of Unit 5. Overview: In our Unit 5 assignment you will compare and contrast the five economic and/or social classes of diversity, and explain how economic diversity impacts business and workplace relationships. Assignment Details: Answer the following two questions: 1. What are the five social classes? Explain each of them in full detail. 2. Consider the high and low end of our social classes. There are some that consider CEOs overpaid and the minimum wage too low. Do you agree or disagree? How can the disparity between these two classes be realistically reduced? Submission Requirements: APA format is required, which includes: o Title page o 12pt. font in Times New Roman and double-spaced o Reference page, with in-text citations Question #1 should have an answer of 300-words or more in length. Question #2 should have an answer of 300-words or more in length. Include an introduction and conclusion Refer to the next page for the grading rubric. Students: Be sure to read the criteria, by which your paper will be evaluated, before you write, and again after you write. Grading Rubric for the 'Economic / Social Classes' Assignment CRITERIA Deficient Proficient Exemplary 0 - 11 Points 12 - 17 Points 18 - 20 Points Does not provide an adequate introduction or is missing. Introduction is presented, though may not be clear or complete. Introduction is clearly presented and provides the reader a context for the rest of the response. 0 - 21 Points 22 - 25 Points 26 - 30 Points Social Classes Explanation Did not list all five social classes or simply did not explain one or more of them. Did not provide an adequate response - less than 250 words. Listed all five social classes, but did not adequately explain one or more of them. Did not provide an adequate response - between 251299 words. Listed all five social classes and thoroughly explained all of them. Provided a more than accurate response - 300 words or more. Disparity Explanation Inadequate explanation with little to no supporting research - less than 250 words. Demonstrates an adequate understanding of the issues and how they could be addressed with some supporting research - between 251-299 words. Explanation demonstrates a solid understanding of the issues and how they could be addressed with supporting research - 300 words or more. 0 - 5 Points 6 - 8 Points 9 - 10 Points Introduction. Appropriate citations References and citations missing or formatting does not resemble APA. References and citations are present with some errors. References and citations are present and near perfect. Clear and professional writing and format Errors impede professional presentation; guidelines not followed Few errors that do not impede professional presentation Writing and format is clear, professional, and error free