One Reason for the Shift in Values Away from Collectivism

question 33

Multiple Choice

One reason for the shift in values away from collectivism and toward individualism may be:

• A) that richer societies exhibit less need for social and material support structures built on collectives.
• B) individualism is a more important trait in a global society.
• C) that richer societies exhibit more need for social and material support structures built on collectives.
• D) increased urbanization and improvements in the quality and availability of education are both a function of economic progress.

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Definitions:

Cash

Currency or its equivalents that a company holds and can use to conduct transactions, considered the most liquid form of asset.

Face Value

The nominal or dollar value printed on a stock, bond, or other financial instrument, representing its value at issuance.

Interest

The cost of using borrowed funds, or the return on invested funds, typically expressed as a percentage rate over a period of time.

Expense

A cost incurred in running a business by consuming goods or services in producing revenue. A subdivision of owner’s equity.