Presented Below Are Selected Data from the Financial Statements of Korn

question 108

Multiple Choice

Presented below are selected data from the financial statements of Korn Corp. for 2014 and 2013. $\begin{array}{lrr}&2014&2013\\\text { Net income } & \$ 100,000 & \$ 123,000 \\\text { Weighted average number of common shares outstanding } & 105,000 & 95,000 \\\text { Market price per share of common stock at the end of the year } & \$ 12.00 & \$ 10.00 \\\text { Earnings per share } & \$ 2.00 & \$ 1.83\end{array}$ The price-earnings ratio for 2014 is

• A) 1.09.
• B) 5.46.
• C) 6.0.
• D) 11.0.

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Definitions:

Contact Hypothesis

A theory suggesting that under appropriate conditions interpersonal contact is one of the most effective ways to reduce prejudice between majority and minority group members.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice against other groups.

Intercultural Communication

The process by which people from different cultural backgrounds attempt to share meaning and understand each other.

Assuming Similarity

Refers to the cognitive bias where one assumes others share the same beliefs and values.