When a Large Number of People Either Collectively or Individually

question 117

Multiple Choice

When a large number of people either collectively or individually engage in similar behaviors, sociologists call it:

• A) collective behavior.
• B) riots.
• C) mass behavior.
• D) contagion.
• E) a social movement.

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Definitions:

Borrowing Money

The act of obtaining funds from a lender under the agreement to repay them, usually with interest, over a specified period.

Other Expenses

Non-operating expenses that do not relate to the main operating activities of the business; they appear in a separate section on the income statement. One example given in the text is Interest Expense, interest owed on money borrowed by the company.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period.

Supplies Used

The cost of consumables used in the operation of a business during an accounting period.