The Concept of Social Norms Refers to

question 147

Multiple Choice

The concept of social norms refers to

• A) implicit or explicit rules a group has for acceptable beliefs, values, or behaviour.
• B) legal sanctions in response to deviant behaviour.
• C) social sanctions in response to deviant behaviour.
• D) social practices designed to promote cooperation in a group.
• E) the most common beliefs, values, or behaviour in a group of people.

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Definitions:

Growth Rate

The percentage increase in the size or value of something, such as a company's revenue or an economy's GDP, over a specified period.

Proxy Fights

Proxy fights occur during shareholders' meetings when opposing groups of shareholders solicit votes from other shareholders to win control over the company's board of directors.

Board of Directors

A group of elected or appointed members who jointly oversee the activities of a company or organization.

Efficient Market Hypothesis

The theory that all existing information is already reflected in securities prices, thus making it impossible to consistently achieve higher returns.