Judging Other Cultures by the Standards of One's Own on the Assumption

question 93

Multiple Choice

Judging other cultures by the standards of one's own on the assumption that one's own is superior is known as

• A) ethnocentrism.
• B) xenophobia.
• C) elitism.
• D) cultural relativism.

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Definitions:

Production Budget

A financial plan for the manufacturing departments detailing the quantity of each product to be produced and the resources required.

Sales Budget

An estimation of future sales revenues, often broken down by month or quarter, used for planning and operational purposes.

Ending Inventory

Ending Inventory is the total value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting goods sold.

Cash Receipts

The collection of money, including cash, checks, and credit card payments, by a business during a given period.