Why Would a Group or Team NOT Typically Enforce Norms

question 20

Multiple Choice

Why would a group or team NOT typically enforce norms?

• A) There is a no need to clarify role expectations.
• B) They don't want to help the group survive.
• C) There is a need to create a written document of guidelines for new employees.
• D) They do not see a reason to emphasize the group's important values.
• E) There is no need to help individuals avoid embarrassing situations.

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Definitions:

Gray Market

involves the trade of legal goods through unauthorized, unofficial, or unintended channels, usually not illegal but discouraged by manufacturers.

Resource Market

The marketplace where resources or inputs (like labor, capital, and raw materials) used to produce goods and services are bought and sold.

Excess Burden

Refers to the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved, leading to a net loss in total surplus.