Which of the Following Statements Best Defines Ethnicity

question 40

Multiple Choice

Which of the following statements best defines ethnicity?

• A)It refers to a group of people who belong to the same socioeconomic status.
• B)It refers to a group of people who have a common heritage such as common customs, characteristics, language, and history.
• C)It refers to a group of people with similar physical traits, blood types, genetic patterns, and inherited characteristics.
• D)It refers to a group of people who share a common religious background.

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Definitions:

Net Income Column

A financial statement element that shows the difference between total revenues and total expenses of a company.

Balance Sheet

A report detailing a company's assets, liabilities, and owners' equity at a certain moment.

Manufacturing Overhead

Indirect costs associated with manufacturing, such as the maintenance and operation of machines and facilities, not directly tied to specific products.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products based on a specific activity base.