What Is the Term for When Members of a Particular

question 11

Multiple Choice

What is the term for when members of a particular ethnic group believe that their beliefs and practices are the best?

• A)Prejudice
• B)Separatism
• C)Ethnocentrism
• D)Bias

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Definitions:

Transaction

An agreement or exchange between two parties that is recorded and has an economic impact on the finances of a business.

Journal

A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.

Posting Reference

A notation or code that links journal entries to the corresponding ledger accounts, facilitating tracking and reviewing of financial transactions.

Journal Page Number

The specific page number in a journal where transactions are recorded, aiding in tracking and referencing financial activities.