Because Societies Are Unique,each Can Be Evaluated Only According to Its

question 91

Multiple Choice

Because societies are unique,each can be evaluated only according to its own standards and values.Which term refers to this point of view?

• A) ethnocentrism
• B) cultural relativism
• C) pluralism
• D) adaptation

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Definitions:

Profit Margin

The percentage difference between a product's selling price and the cost to produce it, indicating the financial health and profitability of a business.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues, indicating financial performance over a period.

Operating Income

The profit realized from a business's normal operational activities, calculated before tax by subtracting operating expenses from gross profit.

Gross Profit

The financial performance metric that subtracts the cost of goods sold (COGS) from revenue, indicating how efficiently a company produces or sources its products.