What Does Erving Goffman Mean by a "Total Institution" as Discussed

question 6

Multiple Choice

What does Erving Goffman mean by a "total institution" as discussed in Wade's "American Hookup: Deep in the Fog"?

• A) the most bureaucratically structured organization, where literally everything is done "by the book"
• B) a place where everything is done for a person, rendering them largely helpless to resist the daily schedule and routine of events
• C) an organization, such as a mental institution, army base, prison, etc., that is largely isolated from mainstream society and where all the basic needs of a large number of people are met
• D) organizations, such as large corporations, that have all the resources needed to do what they want and rely on no other organization to carry out their "mission"

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Definitions:

Risk-Free Rate

The rate of return on an investment with no risk of financial loss.

Call Option

A contractual arrangement in the realm of finance offering the buyer the privilege, though not the compulsion, to procure a share, bond, commodity, or alternate asset at a fixed price throughout a specified duration.

Pure Discount Debt

is a form of debt financing where the borrower issues securities at a discount from their face value, which will be repaid at maturity for the full face value.

Risk-Free Rate

The theoretical return on an investment with zero risk, representing the interest an investor would expect from an absolutely risk-free investment over a specific period.