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​You Have Been Invited to Attend a Meeting of a Special

question 151

Multiple Choice

​You have been invited to attend a meeting of a special interest group that a good friend is a part of. You accept the invitation and agree to attend the group's next meeting. After attending the meeting, you realize you are passionately opposed to everything the group stands for. You tell your friend you never want to attend another meeting or associate with anyone who is a part of that group. However, you will make a special allowance for your friend. In terms of social influences, which of the following terms best describes the group as it relates to you?


Definitions:

Net Income

The sum a company retains as earnings after deducting expenses and taxes from its turnover.

Noncash Charges

Expenses recorded in accounting but do not involve any actual cash flow, such as depreciation or amortization.

Available-For-Sale Securities

Financial instruments that are not classified as held-to-maturity or trading securities, and are instead intended to be sold for reasons other than temporary declines in value.

Unrealized Gain

The potential profit that exists on paper resulting from an investment that has not yet been sold for cash.

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