Laws against theft or fraud are social institutions designed to encourage trust and to reduce the risk associated with interacting in markets and in your neighborhood
What is meant by social institution?
A social institution is an interrelated system of social roles and social norms, organized around the satisfaction of an important social need or social function. • Social Institutions are organized patterns of beliefs and behavior that are centered on basic social needs.
Why is social institution important?
Social Institutions are the establishment in a society that makes the society function. They work as the backbone of a society. Without the social institutions, a society cannot achieve fulfilment in terms of economy, academy or relationships
What are the rules of social institution?
Social rule system theory is an attempt to formally approach different kinds of social rule systems in a unified manner. Social rules systems include institutions such as norms, laws, regulations, taboos, customs, and a variety of related concepts and are important in the social sciences and humanities
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Answer:
Credit card and bank fees. Hourly wages and direct labor. Shipping costs. Raw materials.
Explanation:
Answer:
The answer is: 7% annual growth rate
Explanation:
The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.
The formula used by the Rule of 70 is:
number of years = <u> 70 </u>
to double an economy annual percentage growth rate
In this exercise we substitute the known variables and calculate:
10 years = 70 / (annual growth rate)
annual growth rate = 70 / 10 = 7%
Get-away represents lifestyle segmentation.
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What is lifestyle segmentation?</h3>
- Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
- These sub-groups are created using data from each and every consumer.
- These groups are formed in order to make conclusions regarding customer preferences, likes, and dislikes.
- One method of market segmentation is lifestyle segmentation.
- It is directly related to psychographic segmentation.
- The AIO is the most extensively utilized instrument for lifestyle segmentation (Activities, interests, and opinions).
- The idea is to target one or more lifestyle categories with your marketing mix.
Therefore, Get-away represents lifestyle segmentation.
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Answer:
Yes, because it doesn't comply with the four-fifths rule.
Explanation:
First we must establish the selection rate for both groups:
- whites = 20 / 100 = 20% selected
- African American = 10 / 100 = 10% selected
the four-fifths rule establishes that at least 20% x 4/5 = 16% of all African American candidates should have been selected, but only 10% were selected.