What Are Group Norms? Detail the Effects of Balance in Conformity

question 54

Essay

What are group norms? Detail the effects of balance in conformity and deviance on a group's performance.

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Definitions:

Prior Writedown

A reduction in the book value of an asset when its market value falls below its current book value, previously accounted for in financial statements.

Consigned Goods

Items given to a third party to sell on behalf of the owner, but the owner retains ownership until the goods are sold.

Ownership

The legal right or state of having full possession and control over property, assets, or a company.