According to Robert Merton, One of the Institutionalized Means for Achieving

question 46

Multiple Choice

According to Robert Merton, one of the institutionalized means for achieving the cultural goal of economic success is to:

• A) emphasize seeking quick gratification.
• B) follow shortcuts to economic success.
• C) be introverts at the workplace.
• D) make sacrifices.
• E) quit education and start working.

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Definitions:

Government-operated Firm

is a business entity controlled or owned by the government to provide goods or services to the public.

Residual Claimants

Individuals or entities that have a claim on the remaining assets of a company after all liabilities have been satisfied, typically the shareholders.

State University

A publicly funded university that is primarily supported by a state government.

Barrier to Entry

Factors that prevent or hinder companies from entering into a specific market or industry.