In the Textual Example,Muhammad Yunus Was Highly Successful in His

question 143

Multiple Choice

In the textual example,Muhammad Yunus was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates.This success created an incentive for other banks to:

• A) offer similar loans to the poor.
• B) go out of business.
• C) seek government action to ban group responsibility lending.
• D) avoid catering to a high risk group.

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Definitions:

Task Force

A temporary group of people formed to solve a particular problem or carry out a specific assignment.

Functional Group

A team or department within an organization that performs a specific function or set of functions, such as marketing or finance.

Quality Control Circle

A group of workers who voluntarily meet to discuss and find solutions to workplace issues, particularly those affecting quality.

Command Group

A command group is a group in an organization with formal structures and is established to achieve specific organizational objectives.