What Are Norms? What Purpose Do They Serve for Group

question 27

Essay

What are norms? What purpose do they serve for group members? How can you recognize norms when you enter a group?

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Definitions:

Bond Ratings Agencies

Organizations that assess the creditworthiness of both sovereign and corporate issuers of debt securities, providing investors with information on the risk level of their investments.

Conflicts of Interest

Situations in which a person's private interests could potentially interfere with their professional obligations or duties, leading to biased decisions.

Financial Meltdown

A severe and sudden downturn in the financial markets, often leading to a loss of asset values and financial instability.

Facilitation Payments

Small payments made to expedite or facilitate routine government actions, often seen in a gray area between legitimate fees and bribery.