The Financial Crisis of 2007 Had Some of the Signs

question 69

Multiple Choice

The financial crisis of 2007 had some of the signs of groupthink. Which of the following did it have?

• A) highly cohesive group pressuring members for conformity and an illusion of unanimity
• B) an illusion of unanimity and a degree of self-censorship
• C) a degree of self-censorship and a directive leader
• D) a directive leader and group isolation

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Definitions:

Increasingly Popular

Gaining more widespread acceptance, favor, or usage over time.

Objectivity

The principle or practice of maintaining impartiality and neutrality, avoiding bias or subjective judgment in various fields.

Socially Constructed

A concept or perception that is created and maintained through social interactions and shared beliefs within a society.

Routine Practices

Regular and established procedures or habits that are followed in the execution of tasks or activities.