A Social Movement Refers To

question 58

Multiple Choice

A social movement refers to:

• A) a spontaneous large group that reacts with hostility toward scapegoats
• B) a spontaneous large group constituted in support of a set of shared purposes
• C) a spontaneous large group with relatively informal and short-term goals
• D) a collection of non-conformists in any group or society
• E) a spontaneous large group that acts in a highly disorganized, irrational and hysterical but non-violent way

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Definitions:

Net Income

The net income a business earns following the deduction of all costs, taxes, and expenses from its total revenue.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used as the basis for preparing financial statements.

Ledger

A comprehensive collection of accounts that records all financial transactions of a business, categorized for reporting and analysis purposes.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.