What Is Ethnocentrism

question 19

Multiple Choice

What is ethnocentrism?

• A) the belief that almost everyone in a cultural group will agree on core beliefs and values
• B) the attitude that the diverse cultural beliefs around the world should be respected by all
• C) the attitude that one's own cultural approach is superior to those from other cultures
• D) the belief that although cultures are different, they all favor peace and harmony

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Definitions:

Accounting

Accounting is the systematic practice, work, or process of communicating and recording financial information for a business or individual.

Finance

The management of large amounts of money, especially by governments or large companies, including the processes of investing, borrowing, lending, budgeting, saving, and forecasting.

Stocks and Bonds

Financial instruments that represent ownership in a company (stocks) and debt obligations (bonds), respectively, offering different levels of risk and potential returns.

Cash Flows

The aggregate sum of funds flowing in and out of a company, significantly influencing its ability to meet short-term obligations.