What Is Ethnocentrism

question 49

Multiple Choice

What is ethnocentrism?

• A) a belief in the superiority of one's business or organization over another
• B) a belief in the superiority of another group or culture over one's own group or culture
• C) a belief in the superiority of one's own ethnic group or culture
• D) a belief in the superiority of one's self over another person

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Definitions:

Interest Rate

The percentage of a sum of money charged by a lender to a borrower for the use of the money.

APR

Annual Percentage Rate, the yearly interest rate charged to borrowers, including fees and other costs, providing a complete picture of the loan's cost.

Periodic Rate

The interest rate for a specific period of time, often related to credit cards or loans, which can be monthly, quarterly, etc.

APR

Annual Percentage Rate, a measure of the cost of credit, expressing the yearly interest rate.