Which of the Following Accurately Highlights the Difference Between Norms

question 22

Multiple Choice

Which of the following accurately highlights the difference between norms and laws?

• A) Norms are generally not written down whereas laws are written down.
• B) Violations of norms have no consequences whereas violations of laws have severe consequences.
• C) Norms are unambiguous whereas laws can be interpreted in a variety of ways.
• D) Norms constrain personal but not social behavior, whereas laws constrain social behavior but not personal behavior.

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Definitions:

Defined Contribution Plan

A retirement plan where the employer, employee, or both contribute to an individual's account, and the retirement benefits depend on the account's investment performance.

Risk-free Return

The theoretical return on an investment with zero risk of financial loss, often represented by the yield on government securities.

Defined Contribution Plan

A retirement plan where both the employee and employer contribute to an account, with the final benefit dependent on account performance.

Risk-free Return

The theoretical return on an investment with no risk of financial loss, typically less than the return on riskier investments.