According to the Sociocultural Perspective, the Rules That Specify What

question 49

Multiple Choice

According to the sociocultural perspective, the rules that specify what is and is not acceptable behaviour for members of a group (such as what men and women should wear or how to act in different social situations) are called

• A)standards
• B)styles
• C)practices
• D)norms
• E)models

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Definitions:

Cash Equivalent

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Reconciliation Of Profit

The process of adjusting the profit or loss figures from one accounting period to another to take into account differences caused by transactions, accounting methods, or errors.

Exchange Rates

The rate at which one currency can be exchanged for another, often used in the conversion of financial statements of companies that operate in multiple countries.

Consolidated Statement

A financial statement that aggregates the financial position and operating results of a parent company and its subsidiaries.