Which Statement About Norms Is FALSE

question 71

Multiple Choice

Which statement about norms is FALSE?

• A) Norms shape people's sense of appropriate behavior.
• B) Norms are rigid.
• C) Norms can bridge a culture's ideas and practices.
• D) Norms can change over time.

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Definitions:

Initial Value Method

An accounting approach where investments are recorded at their acquisition cost.

Dividends

A company's profit-sharing with its investors, generally executed through financial payments.

Net Income

The net income of a company once all costs, taxes, and losses have been deducted.

Partial Equity Method

An accounting technique used when a company has significant influence over another company but does not control it outright, recognizing income to the extent dividends are received.