Social Rules and Guidelines That Prescribe Appropriate Behavior in Particular

question 92

Multiple Choice

Social rules and guidelines that prescribe appropriate behavior in particular situations are best described as

• A) norms.
• B) values.
• C) culture.
• D) society.

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Definitions:

Compounded quarterly

Interest calculation method where the interest is added to the principal every three months, affecting the overall amount on which future interest is calculated.

Perpetuity

An annuity in which payments continue indefinitely, typically at a fixed rate.

Compounded semi-annually

Accumulation method for interest where the interest is applied to the principal twice a year, thereby influencing the total amount of interest earned or paid.

Rate of inflation

The measure of the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.