Ethnocentrism Refers to

question 60

Multiple Choice

Ethnocentrism refers to

• A)a negative attitude toward an entire category of people,such as a racial or ethnic minority.
• B)the denial of opportunities and equal rights to individuals and groups because of prejudice.
• C)the process by which a person forsakes his or her own cultural tradition to become part of a different culture.
• D)the tendency to assume that one's own culture and way of life are superior to all others.

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Definitions:

Net Income

Net income is the total profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.

Equity

The value of an owner's interest in a property or business, calculated as the difference between the assets and liabilities.

Cash Flow on Total Assets

A measure of the efficiency with which a company generates cash from its assets, calculated as cash flow from operations divided by total assets.

Ability to Meet Obligations

A financial assessment of whether a company or individual has the resources necessary to pay off their debts as they come due.