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In a study based on Tajfel's theory of social identity, Cathy is randomly assigned as a member of Group A and Sara is randomly assigned as a member of Group B. When asked to award money to other study participants, both Cathy and Tracey awarded money only to members of their own respective group. This behavior is predicted by Tajfel's theory and is an example of
Personal Income Tax
A tax levied by government on individuals or households based on their total yearly income from all sources.
Consortium
A group of companies or institutions formed to undertake an enterprise or project together, often pooling resources for a common goal.
Market Advantage
Market advantage refers to a strategic edge one company holds over competitors within its industry or market, often leading to stronger sales or brand loyalty.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders, and is recognized as such by law with rights and liabilities that are distinct from those of its members.
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