You Are Asked by Your Professor in Sociology to Write

question 39

Multiple Choice

You are asked by your professor in sociology to write a short paragraph about the relationship between primary and secondary groups.Which of the following statements is most likely to appear in your short essay?

• A)Formal organizations are secondary groups and have no primary groups within them.
• B)All secondary groups are approximately the same size.
• C)There are no significant others in primary groups,but secondary groups have significant others.
• D)A secondary group may eventually form a primary group.

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Definitions:

Special Purpose Entity

A legal entity created for a specific project or objective, often used to isolate financial risk.

Canadian GAAP

Canadian Generally Accepted Accounting Principles, a set of accounting standards used in Canada to ensure financial statements are consistent and transparent.

Primary Beneficiary

The entity that has the majority of risks and rewards from a variable interest entity, leading to the requirement of consolidating the entity's financial statements.

Amortization

The gradual reduction of a debt over a period of time through regular payments or the systematic allocation of intangible asset costs over its useful life.