A Learned and Shared System of Knowledge, Behaviour, Beliefs, Attitudes

question 5

Multiple Choice

A learned and shared system of knowledge, behaviour, beliefs, attitudes, values, and norms is the definition of:

• A) culture.
• B) ethnocentrism.
• C) acculturation.
• D) enculturation.

---

Definitions:

Risk Averse

A characteristic of preferring to avoid loss over making a gain, typically leading to more conservative decision-making in the face of uncertainty.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Risk Loving

Condition of preferring a risky income to a certain income with the same expected value.

Risk Neutral

A condition or attitude where an individual is indifferent to risk when making economic decisions.