Match the Proper Term to This Definition: an Unstated Rule

question 34

Multiple Choice

Match the proper term to this definition: an unstated rule that is understood to be represented in a pattern of behavior.

• A)Rule
• B)Norm
• C)Policy
• D)Directive

---

Definitions:

Provisions

Estimates of future costs or liabilities that a company recognizes on its financial statements, reflecting expected obligations.

Conflicts of Interest

Situations where an individual's or organization's responsibilities or interests conflict, potentially compromising decision-making or actions.

Default Risk

The risk that a debtor will not make the required payments on their obligations, leading to financial loss for the creditor.

Higher Interest Rates

Increased costs of borrowing which can impact loan demand, savings rates, and overall economic activity.