While __________ Are General Rules That Apply to Members of a Group

question 101

Multiple Choice

While __________ are general rules that apply to members of a group, ___________ are guidelines that apply to specific positions within the group.

• A) conformity rules; obedience rules
• B) obedience rules; conformity rules
• C) social roles; social norms
• D) social norms; social roles

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Definitions:

Petty Cash

A small amount of cash on hand used for minor expenses.

Merchandise Inventory

Refers to the goods a company has on hand for the purpose of resale to customers in the normal course of business.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement, to ensure they are in agreement and to identify any discrepancies.

Note Receivable

Represents a financial asset indicating money owed to the holder by a debtor, usually accompanied by a promissory note specifying repayment terms.