John Graduates from College with a Degree in Business Administration

question 65

Multiple Choice

John graduates from college with a degree in business administration and gets a job with a large firm that audits small businesses that have contracts with the city. While working there, he becomes friends with Dave, who invites him to attend a weekly poker game, which becomes a meaningful part of John's social life. Some weeks the game is the only thing he has to look forward to. What does this illustrate?

• A) the absolute distinction between primary and secondary groups
• B) the goal-oriented nature of primary groups
• C) the way secondary groups produce nearly anonymous relationships
• D) the way primary groups can lead to membership in secondary groups
• E) the way secondary group ties can lead to the close personal ties of primary groups

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Definitions:

Gold Standard

A monetary system in which the standard economic unit of account is based on a fixed quantity of gold, enabling the conversion of currency into a certain amount of gold on demand.

Financial Policy

A government's strategy for managing its money, including taxation, spending, and borrowing decisions.

Interest-Bearing Bonds

Financial securities that promise to pay periodic interest payments and return the principal amount on a specified maturity date.

Industrial Capitalism

An economic system characterized by private or corporate ownership of capital goods, production for profit, and the predominance of industrial manufacturing and services.