_____ Are Rules That Specify or Prohibit Certain Behaviors in Specific

question 17

Multiple Choice

_____ are rules that specify or prohibit certain behaviors in specific situations.

• A) Norms
• B) Precepts
• C) Sanctions
• D) Prescriptions
• E) Values

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Definitions:

Variable Cost

A cost that varies, in total, in direct proportion to changes in the level of activity. A variable cost is constant per unit.

Discount

A reduction from the usual cost of something, often applied to encourage sales or provided for early payment.

Net Operating Income

A company's total earnings from its operations, excluding taxes and other non-operational expenses, indicating the profitability of core business activities.

Traceable Fixed Expenses

Fixed costs that can be directly associated with a specific product, department, or segment of a business.