Cultural Relativism Asserts That

question 33

Multiple Choice

Cultural relativism asserts that

• A) there is no one correct way to accomplish something; many cultures have succeeded and do succeed in different ways.
• B) most cultures believe that their methods are the only correct ones.
• C) all cultural traits are inherited.
• D) it is not necessary to belong to a culture to be able to understand that culture.
• E) most people know relatively little about their ancestors and, furthermore, they don't care to know.

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Definitions:

Balance Sheet

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

Income Statement

A report detailing a company's financial activities, including income, outgoings, and net earnings or deficits, over a particular period of time.

Statement of Cash Flows

A financial statement that outlines the cash inflows and outflows from operating, investing, and financing activities, helping to assess a company's liquidity.

Accounts Receivable

The money owed to a company by its customers for products or services that have been delivered but not yet paid for.