Statistical Discrimination Is When You Take Action To

question 6

Multiple Choice

Statistical discrimination is when you take action to:

• A) reveal private information about someone else.
• B) reveal one's own private information.
• C) find out the opportunity cost of acquiring more information.
• D) fill gaps in your information by generalizing based on observable characteristics.

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Definitions:

Sales Discounts

A reduction in the price of goods or services offered to customers, usually as an incentive for early payment or bulk purchases.

Net Sales

The amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and discounts.

Account Receivable

Accounts Receivable are amounts owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Write Off

An accounting action taken to recognize that an asset has lost its value and is removed from the balance sheet.