Which of the Following Statements Most Accurately Describes Interest Groups

question 46

Multiple Choice

Which of the following statements most accurately describes interest groups?

• A) They are longer lasting than friendship groups.
• B) They develop because individual members have one or more common characteristics.
• C) They are formed because of some common objective.
• D) They are governed by labor laws.
• E) They are likely to involve great social conflict.

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Definitions:

Net Income

The sum a company holds onto after subtracting expenses and taxes from the total revenue earned.

Cash Dividends

Payments made by a corporation to its shareholders out of the company's current or retained earnings.

Beginning Balance

The amount of money in an account at the start of a new accounting period, carried over from the end of the previous period.

Ending Balance

The final amount in an account at the end of a reporting period after all debits and credits have been accounted for.