Which of the Following Is an Example of Something That

question 65

Multiple Choice

Which of the following is an example of something that would be part of a person's or a society's material culture?

• A) Weapons of war
• B) Democracy as a political system
• C) Belief in a supreme being
• D) A preference to have health rather than wealth

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Definitions:

Financial Statement

Formal records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Permanent/Temporary

Refers to types of accounts in accounting, where permanent accounts show cumulative amounts that carry over to future periods, and temporary accounts are closed at the end of each period.

Normal Balance

The side (debit or credit) of an account on which increases to the account are recorded under double-entry accounting.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.