Implicit Prejudices Are

question 98

Multiple Choice

Implicit prejudices are

• A) prejudices that are not expressed publicly.
• B) prejudices that apply to groups with whom one has never had direct contact.
• C) milder forms of prejudice.
• D) prejudices that an individual may not be aware of and cannot directly report.

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Definitions:

Asset Recognition

The process in accounting to acknowledge and report an item as an asset on the balance sheet provided it meets certain criteria.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Material Amount

A sum of money that is large enough to influence the economic decisions of users based on the financial statements of an entity.

Reporting Period

The specific time span covered by financial statements, typically one fiscal year or quarter, for which an entity reports its financial performance and position.