When an Individual, Who Is Part of a Larger Group

question 163

Multiple Choice

When an individual, who is part of a larger group, chooses to put forth less effort than other group members, _____ occurs.

• A)cognitive dissonance
• B)social loafing
• C)conformity
• D)the bystander effect

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Definitions:

Goods

Tangible items that are manufactured or produced for sale to consumers.

Price Recovery

The process of regaining the cost or value of something, often related to the selling price of goods or services after a period of lower prices or losses.

CISG

The Convention on Contracts for the International Sale of Goods by the United Nations, is a treaty establishing a standardized framework for global trade.

Contractual Obligations

Duties that a party is legally required to perform as specified in a contract, failure of which may lead to legal consequences.