Folkways and Mores Are Two Different Types of Norms

question 60

True/False

Folkways and mores are two different types of norms.

---

Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced.

Spreading

The act of extending or distributing something over a wider area or among a larger number of people.

Overhead

Fixed costs that are not directly tied to production levels, such as rent, utilities, and administrative expenses, affecting a company's profitability.

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production volume.