In School, It Always Seemed as If Kenneth Got All

question 45

Multiple Choice

In school, it always seemed as if Kenneth got all the breaks. He had access to all the right resources, such as special privileges, fancy cars, a large allowance, and dates with all the beautiful girls. Even at work, he was put on the fast track and got promoted early to a high-prestige job. It seemed as if Kenneth was artificially ranked higher than others. The process that best describes what happened to Kenneth is called ________.

• A) reference group affiliation
• B) bias
• C) ascribed status or the "silver spoon" syndrome
• D) achieved status

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Definitions:

Bonds Payable

Long-term liabilities representing money a company owes to bondholders.

Cash Dividend

A payment made by a company to its shareholders, typically in cash, out of its current or retained earnings.

Direct Method

An approach in accounting that allocates service department costs directly to producing departments without considering service departments' interrelations.

Operating Activities

Transactions and other events related to the primary operations of a business, such as selling products or services.