Which of the Following Statements About U

question 58

Multiple Choice

Which of the following statements about U.S.racial categories is true?

• A) U.S. racial categories are applied to endogamous breeding populations.
• B) U.S. racial categories are biologically valid, as demonstrated by the Phipps case in the 1970s in Louisiana.
• C) U.S. racial categories are based on global racial categories that vary little among societies.
• D) U.S. racial categories are based on genetics, whereas Japan's are based upon undemonstrated descent.
• E) U.S. racial categories are culturally arbitrary, even though most people assume them to be based in biology.

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Definitions:

Revenue Recognition

The accounting principle that revenue should be recognized in the accounting period in which it is earned and realizable, regardless of when cash is received.

Business Transactions

Economic events or conditions that affect the financial position of a company, which are recorded as entries in accounting records.

Time Period

A specific duration during which financial transactions are recorded and reported in financial statements.

Quality

The degree to which a product or service meets the requirements and expectations of customers.