The Tendency to Use Your Own Group's Way of Doing

question 56

Multiple Choice

The tendency to use your own group's way of doing things as the yardstick for judging others is called

• A) ethnocentrism.
• B) culture shock.
• C) cultural relativism.
• D) self-centeredness.

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Definitions:

Sales Taxes

Taxes imposed by governments on sales of goods and services, typically calculated as a percentage of the retail price paid by the consumer.

Perpetual Systems

Inventory management systems that continuously update the quantity and value of inventory stock, allowing for real-time tracking.

Inventory Units

Measurements denoting the quantity of goods that a company has on hand at any given time.

Inventory Holding Gain

An increase in the value of inventory over time, typically due to inflation or increased demand, before the inventory is sold.