Which One of These Is an Etic Example as It

question 21

Multiple Choice

Which one of these is an etic example as it relates to culture?

• A) the use of rituals to celebrate or honor life transitions
• B) the quinceanera celebration for a fifteen-year-old girl from Mexico
• C) the fourth of July celebration in the U.S.
• D) Ramadan, month of fasting

Comprehend the basic principles of loan interest, including factors affecting interest rates and the relation between loan size and period.

Identify the characteristics of economic resources and differentiate between them (e.g., land, labor, capital).

Understand the notion of the time-value of money and its implications for financial decisions.

Examine the effects of changes in supply and demand on interests and rents.

---

Definitions:

Equal Employment Opportunity Legislation

Laws designed to prevent discrimination in the workplace based on race, color, religion, sex, national origin, age, disability, or genetic information.

Employee Retirement Income Security Act

A national regulation establishing basic requirements for the majority of privately initiated pension and health schemes in the private sector, aimed at safeguarding participants in these programs.

Drug-Free Workplace Act

A U.S. federal law that requires some employers to maintain a work environment free from the illegal use of drugs.

Fair Labor Standards Act

U.S. legislation that establishes minimum wage, overtime pay, recordkeeping, and child labor standards.