A Good Example of Cultural Lag Is

question 29

Multiple Choice

A good example of cultural lag is

• A)gaining the ability to modify genetic patterns in humans before understanding the possible social consequences of doing so.
• B)a slowing in the rate of invention in the computer industry.
• C)older people trying to make younger people respect tradition.
• D)virtual culture replacing traditional culture.

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Definitions:

Operating Activities

The primary revenue-producing activities of a business and other activities that are not investing or financing, which are reflected in the cash flows from operating activities section of the cash flow statement.

Merchandise Inventories

The total value of a company’s products currently available for sale, held by the business as assets.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of a company, as reported in the cash flow statement.

Treasury Stock

Treasury stock consists of shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the open market.