Which of the Following Terms Is Defined as the System

question 57

Multiple Choice

Which of the following terms is defined as the system of meaning and power that cultures create to determine who is related to whom and to define their mutual expectations, rights, and responsibilities?

• A) family
• B) marriage
• C) descent
• D) kinship
• E) heredity

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.

Dividends

Payments made by a corporation to its shareholder members, usually in the form of cash or stock, representing a share of the corporate profits.

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net income of a company that has not been distributed to shareholders as dividends.

Net Income

The amount of profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.