The Set of Values, Ideas, and Attitudes That Are Learned

question 134

Multiple Choice

The set of values, ideas, and attitudes that are learned and shared among the members of a group is referred to as

• A) customs.
• B) morals.
• C) norms.
• D) culture.
• E) ethics.

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Definitions:

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the company, often recorded as a liability on the balance sheet.

Services Paid

Expenses related to services that have been paid for by a company or individual.

Services Performed

Tasks or activities completed by a business in exchange for payment, often recognized as revenue according to the revenue recognition principle.

Post-closing Trial Balance

A list of all accounts and their balances after the closing entries are made, used to check the accuracy of closing entries and prepare for the next accounting period.