7. During a time of bad economic news, a bank can fail if enough people believe

Question

7. During a time of bad economic news, a bank can fail if enough people believe it is failing 8 The Rosenthal or Pygmalion Effect, which demonstrated students respond to teacher's expectations of them, is a kind of self-fulfilling prophecy. 9. The halo effect takes place when a teacher bases his or her positive attitudes towards particular student who perform very well on tests. 10. A self-fulfilling prophecy consists of the following phases a. perception- attribution - reaction b. belief (expectation)-action-results-confirmation c. internal attribution - causal inference managerial response d. external attribution- result reaction-confirmation 11. Because of the Halo Effect managers should always use interviews in appraisals of employees. 12. In a process of perception, the perceiver is influenced by their and the - a. situation...environment b. perceptual events.... guidance coming from outsiders c. set..setting d. internal locus of control. ...personality dispositions 13. The more ambiguous the stimulus is, the less a role that projection takes in the act of perception. 14. [ Borg -f(P)] means a Organizational behavior is primarily caused by Projection. b. Organizational behavior is caused by Presuppositions c. Organizational behavior is driven by Perception d. Organizational behavior is determined by Personality

Explanation / Answer

7. The main business of a bank is to take deposits from people and lend the same to others at a higher interest rate. If enough people think that the bank is failing, they might feel that their savings are at risk with the bank and they can start withdrawing their deposits. If enough people demand their deposits, the bank can face a serious liquidity crisis, which can snowball into a larger financial crisis and result in the failure of the bank.

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