Implicit Norms Are

question 22

Multiple Choice

Implicit norms are

• A)easy to recognize.
• B)quickly apparent to new members.
• C)rarely discussed by members.
• D)imposed by an outside authority.
• E)disruptive of the group process.

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Definitions:

Fares

The prices paid for journeys on public transportation like buses, trains, and airplanes.

Break-Even Point

The point at which the number of units sold generates just enough revenue to equal the total costs; at this point, profits are zero.

Profit

The financial gain realized when the amount of revenue earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Profit Margin

The amount by which revenue from sales exceeds costs in a business, expressed as a percentage.