Ethnicity Refers to

question 27

Multiple Choice

Ethnicity refers to

• A) The assumption of biological distinctions
• B) Actual biological distinctions
• C) An assumption of inherent cultural differences
• D) Measurable cultural and biological differences

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Definitions:

Inventory Accounts

Accounts used to track the cost of inventory that has been purchased but not yet sold to customers.

Manufacturing Company

A business that produces finished goods from raw materials by using various forms of labor, equipment, and processes.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the difference between the buying and selling prices.

Marketable Securities

Financial instruments that can be easily converted into cash at their current market value.