Answer:
D) They offer lower interest rates for borrowers.
Explanation:
due to lower interest rate on loan, credit union have a major advantage for borrowers. They dont have to pay anything to shareholder and due to this advantage of credit union of non-profit feature, they forward the surplus funds to the respective customers on having deposited accounts.
Answer:
True
Explanation:
<u>Decision making under certainty: </u>
It is the decision, maker known with reasonable certainty what the alternative and outcomes of each alternative, and outcomes of each alternative. Under the condition of certainty, accurate, measurable, and reliable information on that to base the decision is available.
<u>Decision making under risk: </u>
When a manager lacks perfect information or wherever an information asymmetry exists, the risk arises, Under a state of risk decision-maker has incomplete information about available alternatives but has a good idea of the probable outcomes of each alternative.
Answer: OC. A factory worker takes out a high-interest loan to buy a new home.
Explanation:
This situation is most suitable for the employer but also the banking sector. If a worker takes such a loan, he will be forced to continue working to repay that loan. The bank will profit primarily because of the interest it has taken. It will also benefit the employer for several years to have workers who will nonetheless be loyal to the company, given that legal sanctions for non-refund of interest follow.
Answer:
B - Social Facilitation
Explanation:
Social Facilitation is the phonomenon where people perform better when in a group setting (whether in a group or just being observed)
Answer: a) Groupthink
Explanation:
Groupthink could be defined as when group members seek to be unity and reason same way that it costs the thought pattern of the group. They so stand on their belief that they would refuse to accept the belief of other group or thought process. The R&D department at GHI Drugs has a problem concerning Groupthink because they consider their knowledge more than any other thing even though they might be wrong.
