Several Big Firms Got into Financial Trouble in 2008

question 172

True/False

Several big firms got into financial trouble in 2008. The problems were not isolated to just a few industries. It stretched from financial services companies to the U.S. auto makers. The government proceeded with a number of bailouts.

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Definitions:

Small Size

Referring to entities, organizations, or objects that possess relatively limited dimensions or scale.

Cohesive Groups

Social units where members share strong bonds, leading to high levels of cooperation and mutual support.

Incohesive Groups

Groups lacking unity or coherence, often resulting in lower effectiveness or productivity.

Norms

Shared expectations and rules that guide behavior of people within social groups.