According to James Q

question 15

Multiple Choice

According to James Q.Wilson,an "intense commitment to a candidate,a culture,or an ideology that sets people in one group definitively apart from people in another,rival group" is a definition of

• A)socialization.
• B)polarization.
• C)reification.
• D)liberalism.
• E)laissez-faire economics.

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Definitions:

Assumes Liability

Taking on the legal responsibility for a debt or obligation.

Realized Gain

Profit from the sale of an asset or investment when the selling price exceeds the original purchase price.

Ordinary Income

Income earned through standard operations, including wages, salaries, commissions, and interest income, typically taxed at normal rates.

Schedule C

A document sole proprietors utilize to declare their business earnings and deductions to the IRS.