An Informal Group Bound Together by Active Pursuit of a Single

question 1

Multiple Choice

An informal group bound together by active pursuit of a single goal is a(n)

• A) coalition
• B) network
• C) organization
• D) department
• E) group

---

Definitions:

Calendar Year

The one-year period that begins on January 1st and ends on December 31st, used in most accounting and financial calculations.

Straight-Line Method

A method of calculating the depreciation of an asset, which assumes the asset will depreciate by the same amount each year over its useful life.

Salvage Value

The estimated resale value of an asset at the end of its useful life, used in calculating depreciation expenses.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time due to use and wear and tear.