What Is Generalized Reciprocity

question 30

Multiple Choice

What is generalized reciprocity?

• A) When a person contributes something to another person in a way that is directly connected with receiving something in return
• B) When you feel a sense of obligation to give back to someone who has contributed something to you
• C) An exchange norm between two people such that helping each other excludes helping other people
• D) A contribution to someone else that does not presuppose a direct contribution back from that person

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Definitions:

Officer

An individual appointed by a company's board of directors who is charged with managing the day-to-day operations of the company.

Incorporation Process

The series of legal steps taken to form a corporate entity or company which is recognized by law as a separate legal entity from its owners.

Majority Vote

A voting requirement where more than half of the votes cast by individuals entitled to vote are needed to make a decision or pass a resolution.

Shareholders

Individuals or entities that own shares in a corporation, giving them the right to vote on corporate matters and receive dividends.