. the old universal truths lacking which any story is ephemeral and doomed—love and honor and pity and pride and compassion and sacrifice. Which best describes the meaning of the term “universal truths”? childhood ideals that are forgotten as people mature the artistic integrity of a dedicated writer or poet feelings and ideas that can be understood by everyone the reality that the Cold War will lead to human destruction

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Based on the given excerpt above taken from William Faulkner's Nobel Prize Acceptance Speech, the one that best conveys the definition of the term "universal truths" is the ideas or feelings that can be understood by everyone. From the term "universal", this means that these truths are accepted and understood by everybody. Answer is the third option.
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