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:

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement.

Balance Sheet

A Balance Sheet is a financial statement that provides a snapshot of a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Traditional Format

In financial accounting, this refers to the conventional structure of financial statements that include the balance sheet, income statement, and statement of cash flows.

Debit Memo

A document issued to correct or adjust amounts in previously issued invoices.