--%>

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 : Accountancy Accountancy is the process

    Accountancy is the process of communicating financial information about a business entity to users such as shareholder and manager. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in s

  • Q : Evaluating the cost of intangible asset

    How to evaluate the cost of intangible asset?

  • Q : Explain the term Company Explain the

    Explain the term Company in reference to Accounting?

  • Q : Cost accountant With Black

    Black Manufacturing Company Black Manufacturing produced a single product called the Great Beast. During the past three weeks, Lee High, the new cost accountant, had observed that production efficiency and input pr

  • Q : Contingent Liabilities Explain the term

    Explain the term Contingent Liabilities?

  • Q : What is Internal Communication Internal

    Internal Communication: Employee or Organizational Communication refers to the phenomenon of interaction among employees that exist in organizations. In other words, it could also be termed as Internal Communications.

    Q : Currency trading at discount or at

    What is currency trading at discount or at premium in forward market?

  • Q : Methods handling translation gains and

    How translation gains and losses are handled differently as per current rate method as compared to the other three methods, which is, monetary/nonmonetary method, current/noncurrent method, and the temporal method?

  • Q : DM/S$ currency versus currency bid-ask

    Provided the given information, state the DM/S$ currency versus the currency bid-ask quotations? Bank Quotations              American Terms        

  • Q : Special drawing rights Discuss how the

    Discuss how the special drawing rights (SDR) are formed. And also, explain the circumstances due to which SDR was created.