Sociology

Self-Fulfilling Prophecy
A self-fulfilling prophecy is a prediction that causes itself to become true due to the behavior it inspires in people. For instance, believing that a political candidate will win an election may encourage enough people to vote, thus enabling the candidate's victory.
Theory Z
A management theory developed by William Ouchi, describing the Japanese system of management characterized by workers' deep involvement in management, higher productivity than the U.S. management model, and a highly developed system of organizational and sociological rewards.
Underclass
A segment of the population that experiences prolonged economic deprivation and faces an array of sociological challenges that contribute to and perpetuate their disadvantaged status.

Accounting Terms Lexicon

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