George Murdock Pointed to Many Cultural Universals

question 98

Multiple Choice

George Murdock pointed to many cultural universals.Which of the following is NOT an example of a cultural universal?

• A)belief in a heavenly afterlife
• B)funeral rites
• C)the family
• D)telling jokes

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Definitions:

Opportunity Cost

The expense incurred by not choosing the second-best option available while deciding.

Cash Outlay

The actual amount of money spent or required to be spent on a particular expense, project, or acquisition.

Alternative Investments

Investment assets that do not fall into conventional categories such as stocks, bonds, or cash, including real estate, hedge funds, or commodities.

Differential Revenue

The difference in revenue between two alternatives, often used in decision making to understand the financial impact of different choices.