What Condition or Conditions Seem to Facilitate the Development of Honor

question 90

Multiple Choice

What condition or conditions seem to facilitate the development of honor cultures?

• A) central governments and well-established judicial systems
• B) weak central governments and a lack of police
• C) low population density
• D) collectivist values

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Definitions:

Operating Leverage

A measure of the relative mix of a business’s variable costs and fixed costs, computed as contribution margin divided by operating income.

Highly Automated Industries

Sectors that rely extensively on automation and machinery to produce goods or deliver services with minimal human intervention.

Operating Leverage

The degree to which a firm or project can increase operating income by increasing revenue, a measure of how revenue growth translates into growth in operating income.

Operating Income

This income represents the profit from a company's core business operations, excluding the deduction of interest and taxes.