A Major Criticism of Blumer's Interpretation of Crowd Behaviour Is

question 38

Multiple Choice

A major criticism of Blumer's interpretation of crowd behaviour is that:

• A) the idea of contagion exaggerates the unanimity of collective behaviour.
• B) it assumes that participants in crowds are acting rationally.
• C) empirical evidence in support of Blumer's argument is biased.
• D) it underestimates the effect of spontaneous norm generation.
• E) it overstates the role of reactionary stimuli.

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Definitions:

Residual Dividend Policy

A strategy whereby companies pay dividends from the residual or leftover equity only after all project capital needs are met.

Dividend Payout Ratio

The fraction of net income a firm pays to its shareholders in dividends, expressed as a percentage of the company's total net income.

Capital Budgeting

The process of evaluating and selecting long-term investments that are consistent with the firm's goal of wealth maximization.

Record Date

The date set by a company on which you must be on the company's books as a shareholder to receive a declared dividend or participate in corporate actions.