How Does a Social Institution Relate to the Concept of Social

question 4

Multiple Choice

How does a social institution relate to the concept of social structure?

• A) A hospital is a social institution, whereas the interaction between two people is a social structure.
• B) Social institutions are established patterns of behavior, whereas social structures are about random behaviors.
• C) Social institutions are a type of social structure that governs major areas of social life.
• D) Social structures are overarching social institutions.

---

Definitions:

Accrued Interest

Accrued Interest is the interest that has accumulated on a debt or investment over a specific period but has not yet been paid.

Journal Entry

A record in accounting that logs every financial transaction of a business in double-entry bookkeeping.

Interest Expense

Interest expense is the cost incurred by an entity for borrowed funds, typically presented as a line item on the income statement.

Fixed Expense

Fixed expense refers to costs that do not fluctuate with the level of goods or services produced by the business, such as rent, salaries, and insurance.