--%>
Assignment Help - homework help

Types of groups

Identify and describe 4 types of groups; provide examples.

E

Expert

Verified

Four types of groups include transitory group, recurrent group, formal group and informal group. Transitory group is a group in which a group of people happen to be at a same place at a particular time but the interaction between them is minimal example: people getting onto the same escalator. Recurrent group is a group in which people meet regularly. Example: a hockey team. A formal group is a group that has set out some rules and regulations, they hold meetings and each member has a defined role. Example: Spanish Club. An informal group is a group that has no written rules and regulations. Example: a group of friends. 

   Related Questions in Financial Accounting

  • Q : Assurance services Significant costs

    Significant costs associated with the disposal of asset. Accounting for asset retirement obligations requires estimating the cost and discounting estimate. The present value added to the asset's depreciable base and a liability is recorded for the obligation. Every year, interest expense is added

    		•
  • Q : Calculating Average Cost 1 You're

    1 You're trying to save to buy a new $200,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car? 2 Although appealing

    		•
  • Q : Hedgers and Speculators Explain hedgers

    Explain hedgers and speculators are two types of economic agents required for a derivatives market to function.

    		•
  • Q : International bonds Explain why most of

    Explain why most of the international bonds have high Moody’s or Standard & Poor’s credit ratings?

    		•
  • Q : What is Bond market What is Bond market

    What is Bond market and how it execute?

    		•
  • Q : Uncertainty of exchange rate

    Uncertainty of the exchange rate does not essentially means that the firms face exchange risk exposure. Explain this scenario.

    		•
  • Q : What is Arbitrage Describe the term

    Describe the term Arbitrage.

    		•
  • Q : Recommended action for GM to manage its

    General Motors exports the cars to Spain however the strong dollar against the peseta, hurts the sales of GM cars in the Spain. In Spanish market, GM faces the competition from the French and Italian car makers, like Renault and Fiat, whose currencies stays stable wit

    		•
  • Q : Appropriated retained earnings The

    The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol

    		•
  • Q : Advantage of Historical Cost in

    What is the advantage of Historical Cost in Decision Making?

    		•