When We Discuss _______ , We Are Referring to the Relatively

question 24

Multiple Choice

When we discuss _______ , we are referring to the relatively stable and independent patterns of social relationships that are occupied by people who are expected to act in certain ways.

• A) social structure
• B) social role
• C) social institution
• D) social position

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Definitions:

Operating Segments

Components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, whose operating results are reviewed regularly by the enterprise's chief operating decision maker.

Reportable

Refers to information or events that must be disclosed or reported to regulatory authorities or in financial statements according to legal or regulatory requirements.

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, a set of accounting rules and standards used for financial reporting.

Major Customer

A client who contributes a significant portion of a company's revenue, often crucial to the company's financial health.