Jennifer Is Attending a Business Luncheon with Several Corporate Executives

question 91

Multiple Choice

Jennifer is attending a business luncheon with several corporate executives.At one point during the meal,she reaches in front of another executive for a saltshaker and hits the executive's arm as he is about to put a spoonful of soup in his mouth.The soup spills on his shirt,and he glares at Jennifer.The glare is an example of a(n)

• A)norm.
• B)folkway.
• C)formal sanction.
• D)informal sanction.

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Definitions:

Excise Tax

A tax directly levied on certain goods, services, or activities, often included in the price of the product.

Improved Technology

Advances or enhancements in technology that lead to better efficiency, productivity, or outcomes in various fields.

Quantities Supplied

The amounts of goods or services that producers are willing and able to sell at various prices over a certain time period.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.