According to Power-Conflict Theories,what Is a Consequence of Racism in Capitalist

question 108

Multiple Choice

According to power-conflict theories,what is a consequence of racism in capitalist society?

• A) Racism in capitalist society encourages the exploited to work harder to get ahead.
• B) Racism is based on the competition for scarce resources between companies.
• C) Racism serves capitalists by inhibiting class consciousness among the exploited.
• D) Racism and class usually coincide,meaning the underclass experiences less exploitation.

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Definitions:

Allowance for Sales Discounts

An account used in bookkeeping to estimate the reduction in revenue due to sales discounts that customers are expected to take advantage of.

Accounts Receivable

Debts owed by customers to a business for items or services that have been furnished but not compensated.

Sales Discounts

A reduction in the price of goods sold, offered by the seller to the buyer, often to encourage prompt payment.

Periodic Inventory System

A method of inventory valuation for financial reporting purposes where a physical count of all inventory is performed at specific intervals to determine the level of inventory and the cost of goods sold.