Listed Below Are Five Terms Followed by a List of Phrases

question 99

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Short-term investments that have a maturity date no longer than three months from the date of purchase.

• A)Cash equivalent
• B)Bank reconciliation
• C)Petty cash
• D)Debit card
• E)Credit card

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Definitions:

Cultural Relativism

The belief that there is no one right way to behave; ethical behaviour is determined by its cultural context.

Ethical Standards

Principles that govern the conduct of individuals and organizations, ensuring actions are morally right and in accordance with accepted social norms.

Cultural Context

Pertains to the environmental and social factors that influence the values, behaviors, practices, and communication of individuals or groups.

Universalism

A philosophy or ethical stance emphasizing fairness, equality, and the importance of treating all people and cultures with respect.