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Discuss the central tenets of social exchange theory. Apply the concept of equity to college students' dating relationships (from the article by Sprecher discussed in the text) How has social exchange theory been used to address more macro concerns?
Accounts
Financial records that track all transactions related to a specific item, such as revenues, expenses, assets, liabilities, or equity.
Normal Balance
The side (debit or credit) of an account that is usual or expected to increase the balance of that account.
Liability
Financial obligations or debts that a company owes to others, which must be settled through the transfer of assets or provision of services.
Asset
An economic resource that can be owned or controlled to produce value and that is held by a company to produce positive economic value.
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