According to Berger and Luckmann, the Process of Creation and Establishment

question 17

Multiple Choice

According to Berger and Luckmann, the process of creation and establishment of an important symbol in a culture goes through a series of three stages.This sequential process is

• A)internalization, externalization, objectivation.
• B)objectivation, subjectification, and mobilization.
• C)internalization, objectivation, and mobilization.
• D)subjectification, objectivation, and internalization.
• E)externalization, objectivation, and internalization.

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Definitions:

Revenue Account

An account that tracks the income earned by a business, from sales or other sources, during an accounting period.

Expense Account

An account used to record the consumption of assets, including costs incurred in the operation of a business, contributing to a reduction in equity.

Merchandise Inventory

Goods a company intends to sell to customers, typically in a retail or wholesale setting.

Replacement Price

The current cost of replacing an asset or inventory with a similar item.