A Culture That Accepts Only One Way of Doing Things

question 99

Multiple Choice

A culture that accepts only one way of doing things and one set of values and beliefs is referred to as a(n) _____.

• A) primary culture
• B) preferred culture
• C) dominating culture
• D) monoculture
• E) pluralism

---

Definitions:

Allowance For Uncollectibles

A balance sheet account estimating the portion of receivables that a company does not expect to collect.

Net Realizable Value

Net Realizable Value is the estimated selling price of goods, minus the cost of their sale or disposal, representing the actual value of assets in terms of cash.

Estimated Future Returns

Projections or forecasts of the financial returns a company expects to receive from investments, assets, or business activities in the future.

End-Of-Period Accrual

Accounting adjustments made at the end of accounting periods to record revenues earned and expenses incurred but not yet recorded.