The Norms of a Group or Team Represent Ideas or Beliefs

question 130

True/False

The norms of a group or team represent ideas or beliefs about how members are expected to behave.

---

Definitions:

Inexpensive to Organize

Refers to the low cost associated with setting up a certain type of business structure or organization.

Personal Assets

Items or properties owned by an individual that have value.

Mutual Agency

A legal principle in partnership that allows each partner to act on behalf of the partnership, binding it in contracts and agreements.

Unlimited Liability

A legal status where business owners are personally responsible for all the business's debts, exposing their personal assets to risk.