COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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White, Educated, International, Rich, Developed
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Wealthy, Eastern, Industrialised, Royal, Dictatorships
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Western, Ex-Soviet, Industrialsed, Rich, Dictatorships
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Western, Educated, Industrialised, Rich, Developed/Democratic
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Detailed explanation-1: -Definition: This acronym refers to Western, Educated, Industrialized, Rich and Democratic societies. Most research is conducted on, and conducted by, relatively homogeneous samples from WEIRD societies.
Detailed explanation-2: -"WEIRD” is an acronym coined by Henrich, Heine, and Norenzayan: samples that are drawn from populations that are White, Educated, Industrialized, Rich, and Democratic. Ninety-nine percent of all published studies rely on participants recruited from populations that fit those criteria.
Detailed explanation-3: -Why the acronym WEIRD? The acronym WEIRD-Western, Educated, Industrialized, Rich and Democratic-aims to raise people’s consciousness about psychological differences and to emphasize that WEIRD people are but one unusual slice of humanity’s cultural diversity.
Detailed explanation-4: -coined the term WEIRD to describe a lack of diversity in research. WEIRD stands for Western, Educated, Industrialized, Rich, and Democratic. The acronym has been used in psychology classrooms and research and has been seen as a useful tool.