The Acceptable Standards or Expectations That Are Shared by the Group's

question 22

Multiple Choice

The acceptable standards or expectations that are shared by the group's members are referred to as ________.

• A) norms
• B) values
• C) morals
• D) roles

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Payment

The act of transferring money or something of value in exchange for goods or services.

Commercially Reasonable

A standard requiring actions that are typical or expected within a business context and in good faith.

Presentment

The act of formally presenting a document, such as a check or draft, to a party for acceptance or payment.