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Robert Merton Points Out That People Remember Abraham Lincoln, One

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Robert Merton points out that people remember Abraham Lincoln, one of America's great heroes, as frugal, thrifty, and sparing, yet they describe these same traits differently when a member of a racial or ethnic minority possesses them. Merton suggests that a Japanese American might be described as stingy, miserly, and penny pinching. What explains this double standard?


Definitions:

Replacement Goods

Products provided to substitute for those lost, damaged, or deemed unsatisfactory, often under a warranty or agreement.

Consequential Damages

Damages that can be claimed and are intended to compensate a party for indirect losses as a result of not fulfilling a contractual obligation.

Nonconforming Goods

Products that fail to meet the quality, specifications, or performance standards outlined in a purchase agreement.

Lost Profits

Refers to the potential earnings a business was unable to realize due to wrongful actions by another party.

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