A Cashier at the Store Assumes That Because His Next

question 87

Multiple Choice

A cashier at the store assumes that because his next customer is elderly, she will take a long time to pay. The cashier is using his stereotypes about the elderly and not taking the time or energy to carefully consider each customer in his line as an individual. His use of stereotypes best exemplifies Allport's idea of __________.

• A) the contact hypothesis
• B) the law of least effort
• C) scapegoating
• D) natural prejudice

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Definitions:

Incremental Value

Incremental value refers to the additional or extra value generated by undertaking a specific action or investment compared to not doing so.

Merger Premium

The merger premium is the additional cost above the market price that a company pays to acquire another company, often reflecting the perceived future value of the target company.

Shares Outstanding

refers to the total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.

Market Price

The prevailing price at which a service or asset is being offered for sale or purchase.