The Risky Shift Effect Refers To

question 61

Multiple Choice

The risky shift effect refers to:

• A) the fact that group decisions are frequently less cautious than the initial decisions made by the individuals
• B) the shift from a risky position to a more cautious one by members of a group
• C) the process whereby a group changes from a more cautious decision to the one involving greater risks
• D) the change in the composition of a group from a predominantly cautious to a more risk taking majority
• E) the likelihood of a group making a more risky decision when members are required to reach a consensus without prior discussion on the issue

Recognize the differences and applications of synchronous and asynchronous methods in online research.

Identify participant selection criteria for focus groups and the importance of homogeneity vs. heterogeneity.

Understand the range of researcher-researched relationships and their implications for the research process.

Distinguish between various interview and focus group techniques and their appropriateness in research.

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Definitions:

WTO

The World Trade Organization, an international body that deals with the rules of trade between nations.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Mexico, and Canada that eliminated most tariffs and trade barriers between the countries.

Free Trade

The exchange of goods and services across international boundaries or territories without restrictions such as tariffs, duties, or quotas.

GATT

stands for the General Agreement on Tariffs and Trade, an international treaty created to reduce trade barriers and promote international trade through the reduction of tariffs and quotas.