Examlex
Which of the following is true of Canadian banks compared to U.S.banks?
Groupthink
A psychological phenomenon occurring within a group of people, in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.
Flawed Decisions
Pertains to decisions that are made based on incorrect information, biases, or errors in judgment, leading to less than optimal outcomes.
Propinquity
Refers to the physical or psychological proximity between people.
Collectivist Society
A society that emphasizes communal goals, cooperation, and the welfare of the group over individual interests.
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