______ Is the Process of Classifying Group Members According to Their

question 25

Multiple Choice

______ is the process of classifying group members according to their perceived similarities while overlooking their individual differences.

• A) Prejudice
• B) Ethnocentrism
• C) Ignorance
• D) Stereotyping

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Definitions:

Collude

To conspire or work together secretly, especially in order to cheat or deceive others.

Dutch Auction

A type of auction where the auctioneer starts with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined minimum price is reached.

Sealed-Bid Auction

A type of auction where all bidders simultaneously submit sealed bids without knowing the bids of other participants.

Reserve Price

The minimum price a seller is willing to accept for an item being sold at auction.