The Minor Rules That Vary from Group to Group and Involve

question 133

True/False

The minor rules that vary from group to group and involve etiquette, customs, and minor regulations are called folkways.

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Definitions:

Raw Materials

The basic materials and components required in the manufacturing process to produce finished goods.

Production

The process of creating goods and services using labor, machinery, and raw materials.

Finished Goods

Items that have finished being manufactured and are prepared for purchase by consumers.

Inventory

The raw materials, work-in-progress, and finished goods that a company holds for the purpose of sale in the future.