If Instead of Working on His Own as a Consultant

question 32

Multiple Choice

If instead of working on his own as a consultant making $25,000, Joe takes a job at a bank, the $25,000 is

• A) an opportunity cost.
• B) a depreciation.
• C) a loss.
• D) an accounting profit.

---

Definitions:

Elimination Of Prejudice

The process of removing biases or preconceived notions against people or groups.

Ingroup Favoritism

The tendency to favor members of one's own group over those in other groups in terms of trust, liking, and resource allocation.

Stereotyping

The act of assigning generalized attributes to an individual or group based on perceived membership in a certain category or social group.

Stigma By Association

The prejudice and discrimination that individuals experience as a result of being closely connected to a stigmatized person or group.