The Acceptable Standards or Expectations That Are Shared by a Group's

question 75

Multiple Choice

The acceptable standards or expectations that are shared by a group's members are referred to as ________.

• A) affiliations
• B) norms
• C) criteria
• D) morals

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Definitions:

Unlimited Liability

A legal structure in business where the owner's personal assets can be used to satisfy the business's debts and liabilities.

State Statute

Legislation enacted by a state legislature or established by a state court.

Earnings Claims

Statements made by a company or franchise about the potential or actual financial performance of a business opportunity.

Reasonable Basis

A standard of evidence that suggests a belief or action is supported by a fair amount of facts or logical assumptions, often used in legal and regulatory contexts.