Pink Cheques, an Insurance Company, Recently Came Under Close Scrutiny

question 107

Multiple Choice

Pink Cheques, an insurance company, recently came under close scrutiny after its top management was involved in a major scam. The scam led to the company shutting down and many employees, consequently, losing their jobs. This scenario illustrates that the scam had a:

• A) low probability of effect.
• B) high peer acceptance.
• C) low concentration of effect.
• D) high magnitude of consequences.

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Definitions:

Retina

The area of the inner surface of the eye that contains rods and cones.

Signal-Detection Theory

A theory that explains how differently people respond to stimuli under different conditions, focusing on decision-making amidst uncertainty.

Sensory Stimuli

Refers to any external or internal event or factor that can be perceived by the senses and elicit a response.

Nerve Endings

The terminal parts of nerve cells that make synaptic connections with other nerve cells, muscles, or glands.