Which Statement About Norms Is FALSE

question 71

Multiple Choice

Which statement about norms is FALSE?

• A) Norms shape people's sense of appropriate behavior.
• B) Norms are rigid.
• C) Norms can bridge a culture's ideas and practices.
• D) Norms can change over time.

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Definitions:

Selling Expenses

Costs incurred directly and indirectly from selling products or services, such as advertising, commissions, and shipping costs.

Merchandise

Goods bought and sold by businesses, typically in the retail industry.

Journal Entry

A journal entry is a record in the accounting books that logs a business transaction, indicating the accounts and amounts to be debited and credited.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.