The statement, "Single old ladies are cat people," reflects a(n)
A. accepted generalization.
B. stereotype.
C. finding of the grapevine.
D. type of jargon.
E. statement of fact.
B. stereotype.
A stereotype consists of oversimplified beliefs about a certain group of people. There are, for instance, common stereotypes about old people, young people, males, and females. Examples include, "Young men are reckless," and "Old women are scolds."
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Britney likes to use coupons and tends to purchase whichever brand of food has the best coupon offer. Britney is which type of consumer?
A) promotion prone B) brand loyal C) price sensitive D) shopper prone
Biglersville Corp purchased equipment at the beginning of 2016 for $16,000 . Biglersville Corp decided to depreciate the equipment over a 5-year period using the straight-line method. Biglersville Corp estimated the equipment's residual value at $1,000 . The estimated fair market value at the end of 2016 was $15,000 . Which of the following statements is correct concerning Biglersville Corp's
financial statements at December 31, 2016? a. The book value of the equipment is $30,000. b. The book value of the equipment is $13,000. c. The total accumulated depreciation is $1,000. d. The equipment will be reported on the balance sheet at it fair market value of $15,000.
Consider the Japanese market for jetliners as depicted in Figure 6.4. Suppose the lone producer of jetliners in the world is Boeing, which faces a constant marginal cost of $20 million per jetliner. How much consumer surplus will the Japanese airlines who purchase the jetliners earn from their transactions with Boeing?
a. 0 b. $115 million c. $230 million d. $250 million
The company maintains its records of inventory on a perpetual basis using the FIFO inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2018 using the lower-of-cost-or-market rule.
Boulevard Home Furnishings had the following balances and transactions during 2018.
