____________Are Norms Considered to Be Less Important, Are Unwritten, and Are

question 4

Multiple Choice

____________are norms considered to be less important, are unwritten, and are commonly understood standards of behavior among people who share an identity.

• A) Informal norms
• B) Folkways
• C) Communal norms
• D) Negative sanctions

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Definitions:

Transactions

Financial activities that involve the exchange of assets, services, or liabilities between two parties.

Ledger

An accounting book or computer file for recording and totaling economic transactions measured in terms of a monetary unit and categorized by account type.

Account Titles

Names given to the accounts that reflect the types of transactions they represent, used in bookkeeping to distinguish financial records.

Journalizing

The process of recording transactions in a company's journal, detailing the financial activities and their impact on accounts.