Norms Are

question 105

Multiple Choice

Norms are:

• A) formally established by management or by the group itself.
• B) expectations about behavior that are shared by members of a group.
• C) the extent to which members stick together.
• D) the patterns of interactions that emerge as members perform their jobs.

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Definitions:

Variable Component

Part of a cost or expense that varies directly with the level of activity, production, or sales.

Inspection Cost

Expenses associated with the activity of checking and verifying the quality or standards of products or materials.

Mixed Cost

Mixed cost is an expense that has both fixed and variable components, meaning it changes with the level of activity but also incurs a base cost.

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of squares of the errors between the observed and predicted values.