Which of the Four Disciplines That Helps Shape Our Understanding

question 42

Multiple Choice

Which of the four disciplines that helps shape our understanding of consumer behavior compares human societies' culture and development?

• A) psychology
• B) sociology
• C) anthropology
• D) communication
• E) economics

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Definitions:

Revenue Accounts

Accounts used to record the income generated from a company’s core operating activities.

Expense Accounts

These are ledgers that track the costs incurred by a business during its operations, excluding the purchase of inventory.

Income Summary Account

A temporary ledger account used to transfer the balances of all revenue and expense accounts at the end of an accounting period to determine the net income or loss.

Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.