In Addition to Social Differences Between Members of an Ethnic

question 8

Multiple Choice

In addition to social differences between members of an ethnic minority group and the mainstream culture,

• A)there are age-specific differences in recreational drugs of choice.
• B)there is a tendency for older members of that ethnic group to turn to chemicals as a way to cope with their frustration at being unable to understand the culture of their new home.
• C)younger members of that ethnic group tend to identify more with the ideals of the dominant culture, weakening traditional prohibitions against drug misuse.
• D)younger members of that culture tend to view their elders with disrespect, and alcohol or illicit drug use is a way to express this disrespect.

Recognize and explain the phenomena of economies of scale and diseconomies of scale.

Identify explicit and implicit costs in business operations and their impact on profit calculation.

Assess strategies for incentivizing efficient work behavior in employees.

Evaluate the significance of economic profit versus accounting profit in business sustainability.

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Definitions:

Top-down Approach

Investment strategy that starts with global outlook and macroeconomic analysis before analyzing specific sectors and companies.

Operating Cash Flow

A measure of the amount of cash generated by a company's normal business operations.

Annual Sales

The total revenue a company generates from its operations over the course of a year.

Cash Expenses

Cash expenses are expenditures that a business or individual pays out in cash during a specified period, as opposed to non-cash expenses such as depreciation.