Individuals Are Taught "Manners" or "Social Etiquettes" as a Child

question 16

Multiple Choice

Individuals are taught "manners" or "social etiquettes" as a child. Which of the following is NOT an example of "social etiquettes?"

• A) Respecting your elders
• B) Listening to your parents
• C) Picking your nose in public
• D) All of the above

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Definitions:

Normal Balance

Represents the side (debit or credit) of an account that increases its value, based on the double-entry accounting system.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Cash Discount Period

A specific time frame during which a buyer can pay less than the full amount due by taking advantage of a discount offered.

Liability Account

A financial accounting term for amounts owed by a business to creditors or others, usually categorized as current or long-term.