Norms Are the Informal Rules and Shared Expectations That Groups

question 97

True/False

Norms are the informal rules and shared expectations that groups establish to regulate the behavior of their members.

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Definitions:

Conglomerate Merger

A business combination of two or more unrelated companies, usually to diversify product lines or markets.

Vertical Merger

The merger of one or more firms engaged in different stages of the production of a particular final good.

Horizontal Merger

The merger into a single firm of two firms producing the same product and selling it in the same geographic market.

Sherman Act

A landmark U.S. antitrust law passed in 1890 that prohibits monopolistic business practices and encourages competition.