What Is It Called When an Individual Uses Their Group's

question 86

Multiple Choice

What is it called when an individual uses their group's way of doing things as the standard for judging others?

• A) ethnocentrism
• B) culture shock
• C) cultural relativism
• D) self-centeredness

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Definitions:

Revenue Account

An account that tracks the income earned by a company from its normal business operations, excluding expenses.

Debit

The left side of an account.

Credit

An accounting entry that increases a liability or equity account, or decreases an asset or expense account, represented on the right side of the ledger.

Closing Entry Process

The accounting procedure used at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.