_____ Is the Term for the Way in Which Society's

question 23

Multiple Choice

_____ is the term for the way in which society's expectations and rules become part of an individual's personality.

• A) Individuation
• B) Normalization
• C) Internalization
• D) Socialization

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Definitions:

Profit

The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Economies of Scale

The cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost of production.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit of output.

Operation Size

The scale or scope of a business's activities, ranging from small, single-location operations to large, multinational corporations.