A Fixed Impression of a Group of People Is Called

question 45

Multiple Choice

A fixed impression of a group of people is called a

• A) schema.
• B) stereotype.
• C) culture.
• D) label.

Understand the certification process and the structure of ASE certification exams.

Acknowledge the historical context of vehicle power sources.

Recognize the legal requirements for auto technicians in some states.

Understand the importance of customer service skills in the automotive industry.

---

Definitions:

Vertical Business Relationship

A business model where a company is involved in multiple stages of the production process, from raw material to final product, often through acquisitions or partnerships.

Financial Synergy

The potential increase in value and performance of two companies when they are merged, due to various factors like cost savings or revenue enhancement.

Pro Forma Cash Flows

Projected cash flows based on assumptions and estimates, used for planning and financial analysis.

Required Rate of Return

The minimum annual percentage earnings necessary for an investment to be considered acceptable, taking into account its risk and the time value of money.