EFT

question 45

Multiple Choice

EFT

• A) means Efficient Funds Transfer
• B) can process certain cash transactions at less cost than by using the mail
• C) makes it easier to document purchase and sale transactions
• D) means Effective Funds Transfer

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Definitions:

Norm-Governed Behaviour

Actions or behaviors that are regulated by the norms or rules of a society or group, ensuring compatibility and cohesion within the group.

Collective Action

Activities or efforts undertaken by a group of people with the aim of achieving a common goal.

Deindividuation

This refers to a psychological state where individuals within a group lose self-awareness and the sense of individuality, leading to uninhibited and sometimes antisocial behavior.

Free-Rider Effect

A situation in group settings where individuals benefit from the effort of others without contributing themselves, leading to potential underperformance of the group.