Garry is a member of a society that makes very few distinctions between people and groups. This is reflected in his company, the managers of which represent several different classes and cultures. The society to which Garry belongs is
A. low on cultural diversity.
B. low on cultural pluralism.
C. high on economic inequality.
D. low on social stratification.
E. high on race discrimination.
Answer: D
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A) no gain or loss would be recognized by the debtor. B) an ordinary gain would be recognized by the debtor. C) a prior period adjustment would be recognized by the debtor. D) an ordinary loss would be recognized by the debtor.
When Kraft blends different coffees for the British (who drink coffee with milk), the French (who drink it black), and Latin Americans (who want a chicory taste), it is engaged in ________
A) straight extensions B) product adaptation C) retailer versions D) backward invention E) forward invention
Which of the following is a financial statement of a proprietary fund?
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Companies are likely to gain ________ through speedy, convenient, or careful delivery of products
A) price differentiation B) product differentiation C) channel differentiation D) services differentiation E) people differentiation