Muhammad Yunus Was Highly Successful in His Use of Applying

question 72

Multiple Choice

Muhammad Yunus was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates.This success created an incentive for other banks to:

• A)offer similar loans to the poor.
• B)go out of business.
• C)seek government action to ban group responsibility lending.
• D)All of these.

---

Definitions:

Hard Distributive Negotiation

A negotiation approach where one party's gain is the other's loss, focusing on winning as much value as possible.

Escalating Commitment

The phenomenon where people become increasingly committed to a decision or course of action even when faced with negative outcomes or evidence of failure.

Mediation

A conflict resolution process where an impartial third party helps disputing parties find a mutually acceptable solution.

Relationship Goals

Objectives or milestones that individuals aim to achieve within their interpersonal relationships.