A Social Institution Is a

question 33

Multiple Choice

A social institution is a

• A) structure to house the mentally impaired.
• B) mechanism that organizes,directs,and executes the essential tasks of living.
• C) structure that offers a standardized solution to a set of problems.
• D) mechanism that organizes,directs,and executes the essential tasks of living and structure that offers a standardized solution to a set of problems are correct.

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Definitions:

Accumulated Depreciation

The aggregate cost of a tangible asset that has been amortized as a depreciation expense from the time the asset started being used.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Correcting Entries

Journal entries made to correct errors found in the accounting records after the posting process.

Service Revenue

Income earned by a company for the services it has provided to its customers.