Hierarchy in a Social Organization

question 23

Multiple Choice

Hierarchy in a social organization

• A) is present to a greater or lesser degree in almost all cultures
• B) is least likely to exist in a society that is ruled by a king
• C) is the opposite pattern of social structure from Confucianism or Hinduism
• D) is also known as horizontal social organization

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Definitions:

Bond Discount

The difference between the bond's face value and its selling price when the bond is sold for less than its face value.

Premium on Bonds

The amount by which the price paid for a bond exceeds its face value, typically because the interest rate it pays is higher than the market rate.

Maturity

The date on which a debt or other borrowing is due to be repaid in full, or when an investment reaches its full value.

Bond's Discount

The difference between the face value of a bond and its selling price when sold for less than its face value.