--%>

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 : Retail or client market and wholesale

    Distinguish between retail or client market and wholesale or interbank market for foreign exchange?

  • Q : International portfolio for buying

    Why it is easier for an investor willing to diversify his portfolio internationally for buying depository receipts instead of actual shares of the company?

  • Q : Avoidable Interest The book says

    The book says "avoidable interest is the amount of interest cost during the period that a company could theoretically avoid if it had not made expenditures for the asset." This makes it sound like avoidable interest is the total amount of interest paid for an asset. I know it's not but I was wonder

  • Q : Creativity and the Individual What are

    What are the various aspects of Creativity on an individual in the creative industry ?    

  • Q : Calculate the PV You expect the price

    You expect the price of the stock 3 years from now to be $119.04 (i.e., you expect P ˆ   3  ?? = $119.04). Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $119.04.&nb

  • Q : Relationship-To Look for in each other

    What is Relationship and what are the traits that make any relationship happy and committed forever ?

  • Q : Balance per bank What does Balance per

    What does Balance per bank signify?

  • Q : Psychological Health Psychological

    Psychological Health: The employees have noted in their survey feedbacks that their peer relations are based on trust and are healthy. But the nature of work is such that they see lot of suffering. Their interaction with clients at times is not health

  • Q : Implications of purchasing power parity

    Explain implications of the purchasing power parity for the operating exposure.

  • Q : Wind turbine I have started to design a

    I have started to design a wind turbine but I am stuck now. I would like you to have a look to my design and tell me what do I have to do.