In the Conformity Theory Favored by Institutional Sociologists, a Barrier

question 3

Multiple Choice

In the Conformity theory favored by institutional sociologists, a barrier to change is:

• A)The regulation from the state
• B)The bargaining power of suppliers and customers
• C)The power of strong institutions such as banks
• D)The propensity of firms to imitate one another to gain legitimacy

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Definitions:

Gain Or Loss

Gain or loss refers to the financial outcome resulting from the sale of an asset or investment, calculated as the difference between the sale price and the original purchase price.

Accumulated Depletion

The total reduction in value of a natural resource as it is extracted or used over time.

Mineral Deposit

A concentration of naturally occurring material from the earth's crust that can be extracted and processed profitably.

Expense Account

An account where costs incurred by a business, like rent, utilities, and salaries, are recorded.