Examlex
The licensing and regulation of financial advisers is one way by which the government tries to deal
with the problem of inadequate information that financial firms have about their customers.
Pay Scale
The range of pay rates from minimum to maximum, set for specific job titles or grades within an organization, reflecting differences in responsibility, skill, and experience.
Groupthink
A mode of thinking within a cohesive group whereby pressures for unanimity overwhelm the members’ motivation to realistically appraise alternative courses of action.
Condemning
Expressing strong disapproval or censure of someone or something.
Status Generalization
A process through which differences in members’ status characteristics lead to different performance expectations and, hence, affect patterns of interaction in groups; the tendency for a member’s status inside a group to reflect his or her status outside that group.
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