________ Is(are)made Up of Tangible Items,such as Art,literature,buildings and Music,and

question 55

Multiple Choice

________ is(are) made up of tangible items,such as art,literature,buildings and music,and intangible concepts,such as knowledge,laws,morals and customs.

• A)History
• B)Culture
• C)Reference groups
• D)Consumer behaviour
• E)Values

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Definitions:

Sole Proprietorships

Business entities owned and operated by one person, where there is no legal distinction between the owner and the business.

Corporations

Legal entities that are separate and distinct from their owners, capable of owning assets, incurring liabilities, and engaging in business activities.

Partnerships

A legal form of business operation between two or more individuals who share management and profits.

Depression

A severe and prolonged downturn in economic activity, marked by significant declines in income, employment, and production, often more severe than a recession.