Use the Following to Answer Questions 3-4

question 2

Multiple Choice

Use the following to answer questions 3-4:
Table 11.1
Payoffs: Henry's Monthly Profit, Nancy's Monthly Profit
-(Table 11.1) If state law prevented car dealerships from opening on Sunday, Henry's Hyundai would earn _____ and Nancy's Nissan would earn _____.

• A) $70K; $70K
• B) $100K; $100K
• C) $80K; $80K
• D) $40K; $40K

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Definitions:

Socialization Process

refers to the procedure by which an individual learns and acquires the norms, values, behavior, and social skills appropriate to their social position.

Financial Success

The achievement of financial goals and the accumulation of wealth or resources to a level deemed successful by individual or societal standards.

Mission

The fundamental purpose of an organization, clearly stating its goals and guiding principles.

Socialization Process

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or culture.