________ Refers to the Ease with Which Individuals Can Move

question 14

Multiple Choice

________ refers to the ease with which individuals can move up or down a culture's social ladder.

• A)Social standing
• B)Social mobility
• C)Social inertia
• D)Social loafing

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Definitions:

Compensating Balance

A minimum account balance that a company must maintain as part of an agreement with a lender, often to secure a loan or line of credit.

Cash Balance

The amount of money on hand and available in a company's bank accounts at any given time.

EFT

Electronic Funds Transfer, a system that moves money between accounts electronically.

Bank Reconciliation Process

The act of matching the balances in a company's financial records for a cash account to the corresponding information on a bank statement.