Which Term Is Used to Refer to a Formal, Impersonal

question 60

Multiple Choice

Which term is used to refer to a formal, impersonal group in which there is little social intimacy or mutual understanding?

• A) primary group
• B) secondary group
• C) tertiary group
• D) reference group

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Definitions:

Operating Assets

Assets used in the daily operations of a business to generate revenue, such as machinery, building, and equipment.

ROI

Return on Investment; a performance measure used to evaluate the efficiency of an investment or compare the efficiency of several investments.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting in variable cost situations.

Sales Commissions

Fees paid to sales employees as a reward for making sales, usually a percentage of the sales amount.