"In Popular (And Rather Loose)usage, a Philosophy That Embraces the Tenets

question 3

Multiple Choice

"In popular (and rather loose) usage, a philosophy that embraces the tenets of idealism, relativism and constructivism in arguing that the constructs of value and worth are entirely dependent on the perspective of the judge and therefore that they are impossible to establish objectively." What philosophical orientation approach this a glossary definition of?

• A)Modernism.
• B)Post-modernism.
• C)Radical relatvisism.
• D)Liberalism.
• E)Bourgeois liberalism.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operational costs, from its total revenue.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Insurance Expense

The cost attributed to procuring insurance for business operations, properties, liability, and other risk management purposes, treated as an expense on the income statement.

Prepaid Insurance

An asset account representing insurance payments made in advance for coverage that extends to future periods.