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A Set of Ideas About a Group of People, Such

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A set of ideas about a group of people, such as: "All Irishmen are drunks who beat their wives," or "All Arabs are terrorists," can make it seem natural and normal to discriminate against these groups. What is the term for sets of ideas like these?


Definitions:

Cost of Goods Sold

Costs directly incurred from the production of goods a company offers for sale, including labor and material costs.

Average Cost Formulas

A method in inventory valuation that calculates the cost of goods sold based on the average cost of all similar items in inventory.

Physical Flow

The tracking of physical units as they move through the production process.

Specific Identification

A method in inventory accounting that tracks the actual cost of specific items sold and in inventory.

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