The Definition of Norms Is

question 24

Multiple Choice

The definition of norms is

• A) the sets of institutions within which we live our lives.
• B) the social organization of gender relations in the society.
• C) explicitly codified expectations, often written down with stated consequences for deviance.
• D) beliefs and practices that are widely followed and culturally approved.

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Definitions:

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful lifespan.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or investment.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Market Value

The existing market price for buying or selling an asset or service.