_____ Are Unintended and Unrecognized; They're Present but Not Immediately

question 73

Multiple Choice

_____ are unintended and unrecognized; they're present but not immediately obvious.

• A) Manifest functions
• B) Latent functions
• C) Dysfunctions
• D) Social systems
• E) Criticisms

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Definitions:

Retained Earnings

Net income retained in a corporation.

Total Assets

The sum of all owned resources and rights with economic value that a business controls, including both current and non-current assets.

Comparative Financial Statements

Financial statements that provide information for multiple accounting periods, typically side-by-side, allowing for analysis of trends, performance, and financial position over time.

Vertical Analysis

A financial analysis method in which each entry for each of the three major categories of accounts (assets, liabilities, and equities) in a balance sheet is represented as a proportion of the total account.