Which of the following terms refers to an oversimplified image or generalization of a group?
A) Quality circle
B) Ethnocentrism
C) Cultural stereotype
D) Power distance
E) Uncertainty avoidance
Answer: C
Explanation: C) Cultural stereotypes are oversimplified images or generalizations of a group. While stereotypes may describe a generally observed cultural norm, if you assume everyone from that culture follows the norm, you ignore the fact that individuals are in fact individuals, and are influenced by many things in their lives other than their culture.
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Prior period adjustments can either be added or subtracted in the Retained Earnings Statement.
a. true b. false
In which of the following cases might an investor receive help from The Securities Investor Protection Corporation?
A) The investor purchased a stock at $40 per share because his broker recommended it. Over the next six months, it fell to $20 per share. B) The investor purchases stock in a company that shortly later was forced into bankruptcy because of accounting fraud. C) The investor holds $100,000 worth of stock in certificate form. The certificates are destroyed in a fire. D) A broker took money sent by investors to cover stock purchases, but never invested it and sent falsified statements to cover the fraud.