What Is a Collective Conscience

question 15

Multiple Choice

What is a collective conscience?

• A)Common sentiments and values that people share as a result of living together.
• B)A feeling of guilt that emerges in the presence of a collective.
• C)A transcendence of social influences in order to be closer to one's religion.
• D)The shaming of an individual by a social group in an attempt to sanction.
• E)None of the above.

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Definitions:

Fixed Cost Per Unit

The cost that remains constant in total but varies inversely with the level of production or sales volume.

Relevant Range

The range of activity or volume over which the assumptions about variable and fixed cost behaviors hold true, beyond which cost patterns may change.

Cost Behavior

The way in which a cost reacts to changes in the level of activity.

Fixed Cost

Costs that do not change with the level of production or output, remaining constant even as volume changes.