The Term Minority Group Is Potentially Ambiguous and Confusing, Particularly

question 25

Multiple Choice

The term minority group is potentially ambiguous and confusing, particularly for sociologists, because:

• A) they use the term to mean disadvantaged, not necessarily a group of less than 50 percent of the population
• B) they often disagree about the percentage of the population that is nonwhite
• C) sociology is a dynamic discipline that has difficulty with a static concept such as minority group
• D) the relative proportions of minority and majority groups change over time

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Definitions:

Gross Profit

The income a firm generates once it subtracts the expenses involved in the production and sale of its goods, or the expenses incurred from offering its services.

Income From Operations

The earnings generated from a company's everyday, core business operations.

Single-Step Statement

An income statement format that totals revenues and subtracts expenses to find the net income, using only one step.

Multiple-Step Statement

An income statement that separates operating revenues and expenses from non-operating revenues and expenses, providing a detailed view of a company's financial performance.