Why do groups have norms?

What will be an ideal response?


Groups develop norms for regulating many different aspects of their members' behavior.

Business

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______ is an organizational style characterized by formalized rules and regulation, specialized routine tasks, division of labor, and centralized authority.

A. Work specialization B. Formalization C. Span of control D. Bureaucracy

Business

Insurance companies have been successful in limiting the authority of local selling agents to bind the company through waiver or estoppel

a. True b. False Indicate whether the statement is true or false

Business

A contract between the seller and buyer may not provide for remedies in addition to or instead of those provided in the Code

Indicate whether the statement is true or false

Business

The concept of adverse selection helps to explain why indirect finance is more important than direct finance as a source of business finance

Indicate whether the statement is true or false

Business