According to Merton's Typology, All-Weather Liberals Are Those Who ________

question 35

Multiple Choice

According to Merton's typology, all-weather liberals are those who ________.

• A) discriminate in an overt fashion
• B) believe in equality and practice it
• C) harbor prejudice but do not express it in a group
• D) can express prejudice only in a group

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Definitions:

Permanent/Temporary

Classification of accounts where permanent accounts are balance sheet items carrying over to the next financial period, while temporary accounts are income statement items closed at the end of the period.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, reflecting its nature in accounting equations.

Financial Statement

Documentation that shows an entity's financial status at a specific time, including balance sheets, income statements, and cash flow statements.

Permanent/Temporary

Categories of accounting items: permanent (or real) accounts carry their ending balances into the next accounting period, and temporary (or nominal) accounts are closed at the end of every period.