Once Bankruptcy Proceedings Are Finished, the Consumer's Credit Record

question 528

Multiple Choice

Once bankruptcy proceedings are finished, the consumer's credit record:

• A) is wiped clean
• B) may not mention the first bankruptcy a person has had
• C) may note the bankruptcy for three years
• D) may note the bankruptcy for ten years
• E) must always show that the person went through a bankruptcy

Appreciate the role of collective memory and information processing in groups compared to individual abilities.

Understand various methods of reaching group decisions, including consensus and voting, and their impact on group satisfaction and decision acceptance.

Recognize the influence of meeting management, including time allocation and planning, on the outcomes of group decision-making.

Acknowledge the potential pitfalls in group decision-making, such as the planning fallacy and confirmation bias.

---

Definitions:

Incremental Theorists

Individuals who believe that their abilities and intelligence can grow and change through effort and experience.

Fixed

A characteristic, value, or condition that remains constant and unchanged across different situations or over time.

Stable

Referring to something that is not likely to change or move; in psychology, it may refer to consistent personality traits or conditions.

Internal Attributions

The process of attributing the cause of one's own or another's behavior to internal, personal characteristics rather than to external factors.