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A letter of intent ( LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, [1] joint venture agreements ...
Social norm. Social norms are shared standards of acceptable behavior by groups. [1] Social norms can both be informal understandings that govern the behavior of members of a society, as well as be codified into rules and laws. [2] Social normative influences or social norms, are deemed to be powerful drivers of human behavioural changes and ...
An example is the Tagalog word libre, which is derived from the Spanish translation of the English word free, although used in Tagalog with the meaning of "without cost or payment" or "free of charge", a usage which would be deemed incorrect in Spanish as the term gratis would be more fitting; Tagalog word libre can also mean free in aspect of ...
Confirmation bias (also confirmatory bias, myside bias, [a] or congeniality bias [2]) is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values. [3] People display this bias when they select information that supports their views, ignoring contrary information, or ...
Conformity is the act of matching attitudes, beliefs, and behaviors to group norms, politics or being like-minded. [1] Norms are implicit, specific rules, guidance shared by a group of individuals, that guide their interactions with others. People often choose to conform to society rather than to pursue personal desires – because it is often ...
Heteronormativity is the concept that heterosexuality is the preferred or normal sexual orientation. [1] It assumes the gender binary (i.e., that there are only two distinct, opposite genders) and that sexual and marital relations are most fitting between people of opposite sex. Heteronormativity creates and upholds a social hierarchy based on ...
Art & Language, Art-Language Vol. 3 Nr. 1, 1974. Conceptual art, also referred to as conceptualism, is art in which the concept (s) or idea (s) involved in the work are prioritized equally to or more than traditional aesthetic, technical, and material concerns. Some works of conceptual art may be constructed by anyone simply by following a set ...
An action plan is a detailed plan outlining actions needed to reach one or more goals. [1] [ citation needed ] Alternatively, it can be defined as a "sequence of steps that must be taken, or activities that must be performed well, for a strategy to succeed".