Which of the Following Statements About U

question 5

Multiple Choice

Which of the following statements about U.S. racial categories is true?

• A) U.S. racial categories are biologically valid, as demonstrated by the Phipps case in the 1970s in Louisiana.
• B) U.S. racial categories are culturally arbitrary, even though most people assume them to be based in biology.
• C) U.S. racial categories are applied to endogamous breeding populations.
• D) U.S. racial categories are based on global racial categories that vary little among societies.
• E) U.S. racial categories are based on genetics, whereas Japan's are based upon undemonstrated descent.

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Definitions:

Estimated Liability

An obligation that can be reasonably estimated but whose exact value and timing are not known.

Premium Redemption

The act of repaying a bond or other security at its premium price before it reaches maturity.

Warranty Accrual Method

An accounting approach where a company estimates future warranty expenses and records them as a liability at the time the product is sold.

Warranty Expense

Costs a company expects to incur as a result of repairing or replacing products within the warranty period.