One of the purposes of group __________ is to simplify and make more predictable the behaviors expected of the group members.
Fill in the blank(s) with the appropriate word(s).
norms
Rationale: By providing a basis for predicting others' behaviors, norms enable people to behave in a manner consistent with and acceptable to the group. Without norms, the activities in a group would be chaotic.
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Under ________, the market consists of many buyers and sellers trading in a uniform commodity
A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) the dominant firm model
Chronology is used for
A) Meeting minutes. B) Resumes. C) Trip reports. D) All of the above. E) B and C.
In a given experiment the probabilities of mutually exclusive events sum to:
A) 0. B) 0.5. C) 1. D) This cannot be answered without knowing the probability values of the events.
Sand Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp
The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $20 $36 Variable costs $5 $10 Machine hours required for one lamp 3 8 Total fixed costs are $42,000, and the machine hour capacity is 32,000 hours per year. The Lowell Lamp has the highest contribution margin per unit and also has the highest contribution margin per machine hour, so the company should focus sales on the Lowell Lamp. Indicate whether the statement is true or false