An Asian American Family Whose Relatives Emigrated Four Generations Ago

question 17

Multiple Choice

An Asian American family whose relatives emigrated four generations ago has three children. The oldest son, George, is in medical school. Susan, at the age of 21, is a concert pianist. Brent is a second-year business student. This family is likely to exhibit which of the following Asian American buying patterns?

• A)nonassimilated, yet celebrating their culture by purchasing authentic Asian goods
• B)assimilated, exhibiting buying patterns very much like other typical American consumers
• C)assimilated, yet celebrating their culture by seeking traditionally Asian occupations
• D)nonassimilated, due to inherent differences in Asian subcultures that transcend generations
• E)nonassimilated, exhibiting buying patterns very much like other typical American consumers

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Definitions:

Available-for-sale

A classification of securities that are not actively managed for trading or held to maturity but can be sold for cash needs or other purposes.

Unrealized Holding Gain

Refers to an increase in the value of an investment that has not been sold yet, thus the gain is not "realized."

Passive Debt Investments

Investments in debt instruments, such as bonds, where the investor does not exert influence over the issuer.

Held-to-maturity

A classification for investment securities which the investor has the intent and ability to hold until a specified maturity date.