If you have simple dropdown like:
<select name="status" id="status">
<option value="1">Active</option>
<option value="0">Inactive</option>
</select>
Then you can use this code for getting value:
$(function(){
$("#status").change(function(){
var status = this.value;
alert(status);
if(status=="1")
$("#icon_class, #background_class").hide();// hide multiple sections
});
});