Ethnocentrism Refers to the Tendency To

question 34

Multiple Choice

Ethnocentrism refers to the tendency to:

• A)behave in accordance with cultural norms.
• B)stress the importance of cross-cultural psychology.
• C)use your own culture as the standard for judging other cultures.
• D)deny your ethnic heritage.

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Definitions:

Time Value

The concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity.

Money

A medium of exchange that is widely accepted in transactions for goods and services and the repayment of debts.

Profitability Index

A financial tool used to determine the desirability of an investment or project, calculating the ratio of the present value of future cash flows to the initial investment cost.