The Norm of Reciprocity

question 37

Multiple Choice

The norm of reciprocity

• A) suggests that when we receive something from another person we should respond in the future with a favor for them.
• B) plays only a nominal role in negotiations.
• C) applies only to favors of the same size.
• D) is prevalent only in Western culture.
• E) None of the above statements describe the norm of reciprocity.

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Definitions:

Technology Tools

Digital devices, software, or resources used to enhance productivity, solve problems, or facilitate tasks and processes.

Micro-multinational Corporation

A small company that operates in various countries, leveraging technology and globalization to access international markets.

E-commerce Start-up

A business that is initiated on the internet selling goods, services, or both to consumers, operating primarily in the digital ecosystem.

World Economic Forum

An international organization for public-private cooperation that engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas.