Tim Would Really Like to Have the Status Among His

question 24

Multiple Choice

Tim would really like to have the status among his friends which comes from owning a great car, having cash at hand, and being able to buy things he wants. Tim has never done well in school and has no desire to try to finish high school or go to college. Recently, Tim has been making good money selling drugs out of his car so that he can achieve the material goals he has set out for himself. According to Merton, which strategy for social adaptations is Tim using?

• A)conformity
• B)innovation
• C)ritualism
• D)retreatism

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Definitions:

Percentage-Of-Completion Method

An accounting technique used in long-term contracts, recognizing revenue and expenses based on the project's estimated completion level.

Revenue

The total income generated from normal business operations and before any costs or expenses are deducted.

Progress Payments

Payments made on a contract in advance of the final delivery, typically based on the completion of certain stages or milestones within the project.

Critical Event

A significant occurrence or turning point that has the potential to affect the operation, stability, or outcome of a process, project, or situation.