Which Is an Example of a Socially Constructed Concept

question 44

Multiple Choice

Which is an example of a socially constructed concept?

• A)Something that is God's will according to early thinkers.
• B)The right to life shall not be deprived without good cause.
• C)The right to liberty shall not be deprived without good cause.
• D)The right to unemployment insurance is guaranteed by some governments.

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Definitions:

Perpetual Moving Average

A method in inventory management where the average cost of inventory is recalculated after each acquisition or sale, ensuring up-to-date and accurate inventory valuations.

Ending Inventory

The total value of all the inventory a company has on hand at the end of its fiscal period, computed under specific costing methods.

Purchase Units

These are quantities of goods a company acquires to sell in the course of business.

FIFO Method

An inventory valuation method that assumes goods are sold in the order they were acquired, standing for "First In, First Out."