Explicit and Implicit Rules That Reflect Social Expectations and Influence

question 172

Multiple Choice

Explicit and implicit rules that reflect social expectations and influence the way people behave in social situations are called ______.

• A) social norms
• B) social mores
• C) social values
• D) laws

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Definitions:

Sales

The activities involved in selling goods or services in return for money or other compensation, serving as a primary revenue source for businesses.

Inventory

The raw materials, work-in-progress goods, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor expenses.

Sales

The total amount of goods or services sold by a company within a specific period, often used as an indicator of a company's performance.