Which of the Following Terms Describes a Phenomenon Whereby Individuals

question 19

Multiple Choice

Which of the following terms describes a phenomenon whereby individuals ignore their own information about the best course of action and instead simply do what everyone else is doing?

• A)Relative performance
• B)Absolute performance
• C)Herding
• D)Risk sharing
• E)Pay-for-performance

---

Definitions:

Negotiation

The process by which two or more parties communicate and come to an agreement or resolve a dispute.

Supreme Court of Washington

The highest court in the state of Washington, responsible for interpreting the state's constitution and laws.

Binding

A legal term indicating that an agreement, contract, or decision is enforceable by law.

Federal District Court

The general trial courts of the United States federal court system where civil and criminal cases are filed.