Discuss the role of a kye in Korean American businesses. Provide an example to explain how it works
What will be an ideal response?
Korean American businesses are seldom major operations; most are small. They do benefit from a special form of development capital (or cash) used to subsidize businesses called a kye. Korean Americans pool their money through the kye, an association that grants members money on a rotating basis to allow them to gain access to additional capital. Kyes depend on trust and are not protected by laws or insurance, as bank loans are. Kyes work as follows: Say, for example, that 12 people agree to contribute $500 a year. Then, once a year, one of these individuals receives $6,000 . Few records are kept, because the entire system is built on trust and friendship. Not all Korean business entrepreneurs use the kye, but it does represent a significant source of capital.
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Indicate whether this statement is true or false.
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ANSWER:
Research comparing two-parent families and single-parent families found that
a. single-parent families report closer relationships with extended families. b. single-parent families report a higher incidence of major life events such as job changes, moves and illness. c. single-parent families report higher feelings of efficacy and accomplishment. d. single-parent families report more conflict in the family.
According to Merton's strain theory, __________ occurs when people abandon both the approved goals and the approved means of achieving them
a. rebellion b. retreatism c. ritualism d. conformity