An Example of Something That Would Be Part of the Material

question 9

Multiple Choice

An example of something that would be part of the material culture of an individual or society would be

• A) weapons of war.
• B) democracy as a political system.
• C) belief in a supreme being.
• D) preference to have health rather than wealth.

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Definitions:

Sales Returns and Allowances

Refers to the process of refunding or reducing the sale price for previously sold goods that are returned or for which concessions are made.

Accounts Payable

The amount a company owes to suppliers or vendors for goods or services received but not yet paid for.

Debit

An entry recorded on the left side of a bookkeeping ledger for a transaction that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Sales Tax Payable

A liability account that records the amount of sales tax collected from customers, which is owed to the government.