Which of the Following Is Defined as a Group of People

question 95

Multiple Choice

Which of the following is defined as a group of people who share a unique way of life within a larger,dominant culture?

• A) macroculture
• B) subculture
• C) cultural universal
• D) monoculture

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Definitions:

Ending Inventory

The aggregate value of goods up for sale at the termination of an accounting interval.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.

Inventory Cost Flow Assumption

A method used in accounting to determine the cost of goods sold and ending inventory value, examples include FIFO, LIFO, and average cost methods.