____ Is Categorizing Individuals into a Group and Then Conferring

question 91

Multiple Choice

____ is categorizing individuals into a group and then conferring on them the characteristics that we believe apply universally to all members of that group.

• A) Generalization
• B) Hypothesizing
• C) Stereotyping
• D) Simplifying

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Definitions:

Depreciation Expense

Depreciation expense is the allocated amount of the cost of a tangible asset over its useful life, recognized in accounting to account for the decrease in the asset's value over time.

Net Income

The company's remaining earnings once all costs, taxes, and expenses are deducted from its total revenues.

Direct Method

A way of preparing the cash flow statement where actual cash receipts and payments are reported, rather than adjusting net income.

Net Cash Flow

The difference between a company's cash inflows and outflows in a given period.