What Is the Term for the Beliefs, Values, Behavior, and Material

question 136

Multiple Choice

What is the term for the beliefs, values, behavior, and material objects that together make up a people's way of life?

• A) social structure
• B) social system
• C) culture
• D) society

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Definitions:

Owner's Equity

The residual interest in the assets of an enterprise after deducting its liabilities.

Assets

Resources owned or controlled by a company that are expected to provide economic benefits or value in the future.

Expenses

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.

Assets

Resources owned or controlled by a company with expected future economic benefit.