There Are Many Forms of Collective Behavior

question 14

Essay

There are many forms of collective behavior. List and discuss at least three of the major forms of collective behavior cited in the textbook.

---

Definitions:

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to gain immediate cash.

Quadratic Formula

A formula used to solve for x given a quadratic equation; x = (–b ± √(b^2 – 4ac)) / 2a.

Expense Equation

The sum of the fixed and variable expenses.

Average Cost

A method to determine the cost of goods sold or inventory valuation where all costs of acquisition are averaged over the total units available for sale.