Groups That Strive for Consensus at the Risk of Sacrificing

question 168

Multiple Choice

Groups that strive for consensus at the risk of sacrificing decision quality are experiencing

• A) Free riding.
• B) Groupthink.
• C) Social loafing.
• D) The sucker effect.

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Definitions:

Central Bank

An institution designed to oversee the banking system, regulate the quantity of money in the economy, and provide various financial services to the government.

Treasury Bonds

Long-term government debt securities with a fixed interest rate, considered low-risk investments.

Required Reserves

The minimum amount of deposits that a bank must hold in reserve and not lend out, as mandated by central banking regulations.

Excess Reserves

The amount of reserves that banks hold beyond the required minimum to meet potential withdrawals by customers.