The Ability to Understand Another Culture in Terms of That

question 94

Multiple Choice

The ability to understand another culture in terms of that culture's own norms and values,without reference to any other culture's standards,is called

• A) ethnocentrism.
• B) cultural relativism.
• C) cultural lag.
• D) culture shock.

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Definitions:

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries as one entity.

Amortization

The gradual reduction of a debt over a period of time through regular payments or the systematic allocation of intangible asset costs over its useful life.

Common Stock

A type of equity ownership in a corporation, with voting rights and eligibility to receive dividends.

Building

A structure with a roof and walls, such as a house or factory, used for a variety of purposes.