In Some Cultures, Commercial Exploitation of Natural Resources Is a Breach

question 72

Multiple Choice

In some cultures, commercial exploitation of natural resources is a breach of cultural norms and may cause severe disapproval of the community. This is an example of _____.

• A) xenocentrism
• B) ethnocentrism
• C) cultural sanction
• D) cultural bias

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Definitions:

Stockholders' Equity

The residual interest in the assets of a company after deducting liabilities, essentially representing ownership interest.

Expense Accounts

Accounts in the general ledger that are used to record various costs and expenses incurred by a business.

Revenue Accounts

Accounts that track the income a business receives from its various activities, such as sales of products or services.

Loss Accounts

Accounts used to record the loss in value of assets or to represent expenses that reduce net income.