Data Must Be Collected About Three Facets of Each Business

question 52

Multiple Choice

Data must be collected about three facets of each business activity.What are they?

• A)the business activity,the resources it affects,the people who participate
• B)the business activity,the transactions it creates,the impact on the financial statements
• C)the inputs,outputs and processes used
• D)who is involved,what was sold,how much was paid

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Definitions:

General Social Survey

A sociological survey conducted in the United States to collect data on demographics, behaviors, attitudes, and societal trends.

Conflict Perspective

A theoretical framework in sociology that views social life as a competition for limited resources, emphasizing the conflicts between differing social classes and groups.

Reproduce Inequality

The perpetuation and maintenance of unequal social structures and relationships across generations, often through institutional practices and cultural norms.

Unequal Funding

The disparity or imbalance in financial resources allocated to different institutions, organizations, or sectors, often leading to inequalities in quality and outcomes.