Sociologist Charles H

question 114

Multiple Choice

Sociologist Charles H. Cooley used the term ____________ to describe a small, less specialized group in which members engage in face-to-face, emotion-based interactions over an extended period of time.

• A) secondary group
• B) formal group
• C) informal group
• D) primary group

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Maker

In financial terms, the party that issues or creates an instrument, such as a check or promissory note, effectively promising to pay the amount specified.

Credit Sales

refers to sales in which the buyer is permitted to pay at a later date, commonly used in business to business transactions.

Specific Customers

Refers to the particular group or segment of customers targeted by a business for its products or services.