Which of the Following Differentiates Between Formal and Informal Groups

question 47

Multiple Choice

Which of the following differentiates between formal and informal groups?

• A) The timeline of reference for formal groups is greater than that for informal groups.
• B) The impact of formal groups on organizational performance is less than that of informal groups.
• C) Formal groups pursue the goal of social contact, while informal groups have definite organizational goals to attain.
• D) Formal groups are typically smaller in size when compared to informal groups.
• E) Formal groups involve clearly defined tasks and roles, while informal groups are neither formally structured nor organizationally determined.

Analyze the factors contributing to business cycles and their impact on unemployment.

Understand the Consumer Price Index and its role in measuring inflation.

Grasp the concept of discouraged workers and their effect on unemployment statistics.

Understand the relationship between inflation rates and the impact on lenders and borrowers.

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Definitions:

Yield

The return in terms of income from an investment, like dividends or interest earned by possessing a specific security.

Compound-interest

Interest computed on both the original sum invested or loaned, as well as on the interest that has been added to this principal amount over earlier periods.

GIC

A Guaranteed Investment Certificate, a Canadian investment that offers a guaranteed rate of return over a fixed period.

Investment

The allocation of resources, such as time, money, or effort, in hope of generating a future benefit or profit.