What Do Sociologists Call the Customs and Values Expressed in a Particular

question 16

Multiple Choice

What do sociologists call the customs and values expressed in a particular place and in the interactions of the people who hang out there?

• A) an interpretive community
• B) a public life
• C) an idioculture
• D) a set of norms and values
• E) a third place

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Definitions:

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio.

Idiosyncratic Risk

The risk associated with an individual asset, which can be mitigated through diversification.

Systematic Risk

Systematic risk refers to the inherent risk that affects the entire market or a major market segment and cannot easily be mitigated through diversification.

Diversifiable Risk

A type of investment risk that can be reduced or eliminated through diversification of an investment portfolio.