Kluckhohn Showed When the Navajo Traded with Outsiders

question 76

Multiple Choice

Kluckhohn showed when the Navajo traded with outsiders:

• A)They were extremely careful to be honest and fair.
• B)They engaged in silent trade,placing the goods they wanted to trade in the open and accepting whatever their trading partners gave.
• C)They were particularly interested in jewelry and less interested in money.
• D)It was considered morally acceptable to deceive.
• E)They generally got taken.

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Definitions:

Unrecognized Net Gain

A profit that has been realized but not yet recorded in the financial statements of a company.

Projected Benefit Obligation

The present value of estimated future pension benefits owed to employees, based on expected salary increases.

Prior Service Cost

Costs that arise when a pension plan is amended to increase benefits for employee service provided in prior periods, recognized over the service periods of affected employees.

Unrecognized Prior Service Cost

Costs associated with retroactive benefits granted in pension plans, which are not immediately recognized as an expense but are amortized over time.