Which of the Following Statements Is True of Group Norms

question 22

Multiple Choice

Which of the following statements is true of group norms?

• A)They are rules that are accepted by a majority of the members of the group.
• B)They do not exist in all groups.
• C)They are always set formally by the group.
• D)They are always written down in a formal document establishing the group/organization.

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Definitions:

Performance Budget Report

A document that compares actual financial performance to budgeted amounts, often highlighting efficiencies or areas that need improvement.

Investment Centers

Sections of a company treated as separate business units, responsible for their profit and investment.

Controllable Margin

The portion of profit or margin that can be directly influenced by management's actions by controlling certain costs or revenues.

Average Operating Assets

The average value of the assets used in the core operations of a business over a period, important for evaluating investment efficiency.