A Friendship Group Isn't an Example of a Formal Organization

question 47

Multiple Choice

A friendship group isn't an example of a formal organization because:

• A) friends don't tend to engage in collective activities.
• B) friends include strong ties,not weak ties.
• C) friends typically don't have formal rules and governing structures.
• D) even if one person leaves the group,they will still go on.

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Definitions:

RRSP

A Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, with certain tax advantages.

Compounded Annually

Interest calculated once a year on the initial principal and the accumulated interest of previous periods of a deposit or loan.

Deferred Annuity

An insurance product that delays income payments until the investor elects to receive them, which can be many years after the initial investment.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounded at the end of each period.