When the Suburb of Lakewood,California,was First Built in 1950,it Refused

question 109

Multiple Choice

When the suburb of Lakewood,California,was first built in 1950,it refused to sell houses to Jewish families,as well as African Americans and Hispanics.However,within a few years,the developers reversed this policy and started selling homes to families regardless of religious faith or ethnicity.What does this tell us about stigma?

• A) Stigma leaves permanent marks on those it affects.
• B) Stigma is only a problem in areas where money is involved.
• C) Stigmatized identities can be overcome through passing.
• D) Stigmatized identities change over time.

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Definitions:

Cost Of Goods Sold

Costs that are directly tied to the generation of products a company markets, including both materials and labor.

Variable Cost

Charges that increase or decrease depending on the volume of production or sales, like raw materials and direct labor.

Contribution Format

A method of income statement presentation that separates fixed costs from variable costs, highlighting the contribution margin.

External Reporting

The process of providing financial information to external stakeholders, such as investors, creditors, and regulatory bodies.