You Attend Your Well-To-Do Cousin's Party

question 18

Multiple Choice

You attend your well-to-do cousin's party.Your cousin quickly whispers to you about Nick's career background.Then you are introduced to Nick.Your reading of social psychology tells you that,in 'pigeonholing' him,you are more likely to use a subtype rather than a subordinate or superordinate category. Thus,you are most likely to label him as a

• A) chauvinist pig
• B) human resources manager with additional expertise in patents
• C) 'Nick-ish' kind of guy
• D) corporate executive

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Definitions:

Compounded Annually

This refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Retire

To withdraw from one's position or occupation; to conclude one's working or professional career.

Present Value

Present value is a financial concept that calculates the current worth of a future sum of money or stream of cash flows, given a specified rate of return.