Which of the Following Is NOT Considered an Agent of Socialization

question 4

Multiple Choice

Which of the following is NOT considered an agent of socialization?

• A)schools
• B)daycare
• C)media
• D)extended family

---

Definitions:

Franchise Agreement

A legal, binding contract between a franchisor and franchisee, outlining the terms and conditions for running a franchised business.

Cost Recovery Method

A revenue recognition method where no profit is recognized until the costs of the sold goods or services are fully recovered.

Installment Sales

A method of sale that allows the buyer to make payments over a period of time, while the seller recognizes income as payments are received.

Collectibility

The likelihood or ability of a company to collect payments from customers for goods or services provided, considered when recognizing revenue.