Use the following table to explain how a change in each of the following assumptions will impact the pension surplus and the defined benefit pension asset.For each cell fill-in whether there will be an increase,decrease,or no effect.
Definitions:
Social Comparison
The process by which individuals evaluate their own abilities, achievements, and conditions in comparison to others.
Persuasive Arguments
Reasonings or logics presented with the intent to convince or influence others to adopt a certain belief or take specific action.
Risky Shift
A phenomenon in which group decisions tend to be more extreme, including taking greater risks, than individual decisions.
Groupthink
A psychological phenomenon where the desire for harmony and conformity within a group leads to irrational or dysfunctional decision-making outcomes.
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