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Directions: Read the following and answer the questions using the tools for improving vocabulary skills. 1When one culture's values, norms, and products become dominant and diminish the strength of another culture, the stronger culture is said to exert
Hegemony over the weaker one. In turn, a hegemonic society exerts undue power over other societies. In Europe and parts of Asia, there is a lively debate about whether the culture of the United States endangers the continued existence of local cultures. American movies and popular music, fast food, and fashions are coveted around the world. Nations with less widespread languages and less powerful cultural institutions fear that their young people will lose interest in their own cultures and embrace the values, language, and norms of Americans.
2Within the United States, too, sociologists and others worry that the powerful commercial cultural institutions that make certain types of food, music, movies, fashions, and magazines popular throughout the nation endanger the existence of unique local subcultures. These critics fear that regional differences are decreasing and being replaced by a homogeneous culture that lacks diversity.
-adapted from Kornblum, Sociology in a Changing World , pp. 62-63
Using Definitions built into the text, determine the meaning of the word hegemony in the passage above.
Treasury Stock
Securities initially sold to the public and later repurchased by the company that issued them, diminishing the number of shares circulating in the market.
Par Value
The face value of a bond or stock, as stated on the certificate, which is the amount the issuer agrees to pay at maturity (for bonds) or an arbitrary value assigned for shares.
Journal Entry
A record in accounting that represents a single transaction and its impact on the financial statements, made up of debits and credits.
Purchase Price
The amount of money paid or agreed to be paid by the buyer to acquire a good or service from the seller.
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