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question 61

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Identify how group norms and roles influence individual behavior and group dynamics.

Understand the concept of group cohesiveness and its impact on group performance.

Recognize the role conflict and role ambiguity in group settings and their implications.

Understand the strategies to foster group cohesiveness and manage group norms effectively.

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Definitions:

Strict Foreclosure

A legal process by which the secured lender obtains the title to the mortgaged property without the sale thereof, when the borrower fails to meet the obligations.

Deficiency

The difference between the amount owed on a loan and the amount recovered from selling the asset securing the loan if the latter is less.

Mortgagor

A mortgagor is an individual or entity who borrows money to purchase property and pledges that property as security for the loan.

Mortgagee's Interest

The financial interest a lender has in the property serving as collateral for a loan until the mortgage is fully repaid.