Institutions Must Operate in a Highly Structured,standardized,and Impersonal Way Because

question 30

Multiple Choice

Institutions must operate in a highly structured,standardized,and impersonal way because

• A)the social structure is an unchangeable fact of life.
• B)individuals are incapable of overcoming institutional bureaucracy.
• C)all sectors of the population are efficiently served by the bureaucracy.
• D)chaos would ensue if individual and personal demands were always met.

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Definitions:

Interpret

To explain or provide the meaning of something, often involving analysis of data or information to derive understanding or conclusions.

Years

A unit of time used in various financial calculations, such as the amortization of assets or the term of investments.

Retired

Indicates assets taken out of service or policies terminated.

Unamortized Discount

The portion of the bond discount that has not yet been expensed in the income statement over the bond's life.