Christopher Attends a Large University and Knows Very Few People

question 57

Multiple Choice

Christopher attends a large university and knows very few people in his classes.In his sociology class,however,he was required to meet weekly with a group of three other people to work on a term project.For the remaining three years of their studies,they kept meeting weekly at the local pub to discuss classes and life at university.What type of social group do Christopher and the others make?

• A) a primary group
• B) a secondary group
• C) a reference group
• D) an interest group

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Definitions:

Contra-liability Account

An account on the balance sheet that reduces the total amount of liabilities, working opposite to the way most liabilities function.

Mortgage Payable

A liability account on the balance sheet representing the borrower's obligation to repay a loan used to purchase property.

Beginning Inventory

The value of a company’s inventory at the start of an accounting period, before any purchases or sales have occurred.

Ending Inventory

The sum total of goods for sale at the termination of an accounting cycle.