Primary Groups Are Fundamental to Us as Individuals and Society

question 59

Multiple Choice

Primary groups are fundamental to us as individuals and society at large because they

• A) have little to do with the socialization process.
• B) play a minimal role in the social control of group members.
• C) provide the settings in which we meet most of our personal needs.
• D) None of the choices are correct.

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Definitions:

Accounting Scandal

An accounting scandal involves the deliberate manipulation of financial statements to create a false or misleading appearance of a company’s financial health, often to deceive investors and regulators.

Parmalat

An Italian dairy and food corporation that became famous for a massive corporate fraud and bankruptcy scandal in 2003.

WorldCom

A telecommunications company that was involved in one of the largest accounting fraud scandals in history, leading to its bankruptcy in 2002.

Volcker Rule

Part of the Dodd-Frank Wall Street Reform and Consumer Protection Act that restricts U.S. banks from making certain kinds of speculative investments that do not benefit their customers.