The Average Attitude of Generally Like-Minded People in a Group

question 187

Multiple Choice

The average attitude of generally like-minded people in a group becomes even more liberal over time in large part because several members of a group want to avoid the disapproval of other key group members. This tendency for attitudes to become more extreme is called group polarization, and in this case, it appears to have been produced by ________________.

• A)informational social influence
• B)normative social influence
• C)social loafing
• D)group think

Calculate the total interest earned or owed over the term of an investment or loan.

Analyze investment performance by comparing returns of different investment options.

Understand the principles of amortization and loan repayment schedules.

Apply financial knowledge to make informed decisions regarding investment and loan options.

---

Definitions:

Performance Standards

Benchmarks or criteria established to measure the efficiency, productivity, or quality of an individual's or organization's work output.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Arbitrary

Decisions or actions not based on a system, principle, or rule and often appearing random or subject to individual will without restriction.

Future-Oriented

A perspective or approach that focuses on planning, forecasting, and preparing for upcoming changes, challenges, and opportunities.