The Definition of Conformity Involves the Notion of Yielding to Group

question 112

Multiple Choice

The definition of conformity involves the notion of yielding to group pressure

• A) because of some social threat.
• B) because of a fear of negative consequences.
• C) for fear of retribution.
• D) without a direct request to comply.

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Definitions:

Principal-Agent Problem

A situation in which there is a conflict of interest between a principal (such as an owner) and an agent (such as a manager), because the agent may not act in the best interest of the principal.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction they were not involved in, such as pollution.

Unethical And Illegal Behavior

Actions that are morally wrong and prohibited by law, ranging from fraud and corruption to violations of human rights.

Paradox Of Voting

The situation where the individual incentive to vote (given the small chance of influencing the outcome) contrasts with the collective benefit of everyone voting.