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______ Is the Process of Categorizing People into Certain Groups

question 30

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______ is the process of categorizing people into certain groups based on certain criteria.


Definitions:

Employee

An individual who is hired by an employer to perform a specific job or duty in exchange for compensation.

Partner

An individual or entity involved in a business enterprise with one or more other partners, sharing in the profits and losses of the business.

Agency Parties

Individuals or entities that enter into an agency relationship where one party (the agent) agrees to act on behalf of another party (the principal).

Beneficiary

An individual or entity entitled to receive benefits or proceeds from an insurance policy, trust, or will.

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