According to Ferdinand Tönnies, Social Organization in Which People Come

question 22

Multiple Choice

According to Ferdinand Tönnies, social organization in which people come together only on the basis of individual self-interest is called

• A) organic solidarity.
• B) mechanical solidarity.
• C) Gesellschaft.
• D) Gemeinschaft.

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Definitions:

Par Value

The face value of a bond or stock as stated on the certificate or instrument, not necessarily reflecting its market value.

Maturity

Maturity refers to the date on which the principal or final payment of a debt, loan, or other financial instrument is due to be paid.

Annual Interest

Interest charged or earned over a period of one year on loans, savings, or investments.

Present Value

The current value of future cash flows discounted at the appropriate discount rate, reflecting the time value of money.