Evidence from Studies of Workers' Choices on Whether to Participate

question 121

Multiple Choice

Evidence from studies of workers' choices on whether to participate in 401(k) plans suggests that the workers' behavior appears to exhibit

• A)indifference.
• B)ignorance.
• C)inertia.
• D)indecision.

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Definitions:

Groupthink

A phenomenon where the desire for harmony or conformity in a decision-making group leads to an incorrect or deviant decision-making outcome.

Highly Cohesive

Refers to a group that exhibits strong bonds and unity among its members, often resulting in high levels of solidarity and loyalty.

Little or No Pressure

A situation where there are minimal external forces compelling an individual to act in a particular manner, often leading to a more authentic choice or action.

Causes of Groupthink

Factors leading to a situation in group decision-making processes where the desire for harmony or conformity results in an irrational or dysfunctional decision outcome.