When There Are Groups Within the Same Society with Distinctive

question 61

Short Answer

When there are groups within the same society with distinctive sets of beliefs and behaviors related to different occupations or ancestry, we call these __________.​

---

Definitions:

Expense

Money spent or costs incurred in the process of generating revenue.

Shareholders' Equity

The residual interest in the assets of a company after deducting liabilities, representing the owners' claims on the company assets.

Total Assets

The sum of all resources owned by a company, valued at the cost, which can include cash, property, and equipment.

Total Liabilities

The sum of all financial obligations a company owes to external parties, including both short-term and long-term liabilities.