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. I think during a time of the bad economic news, a bank can fail if enough people think that the bank is failing. A bank takes deposits from people and the deposits are the liabilities of people. Banks use these deposits to advance loans to people and businesses at a higher interest rate than the rate banks pay to deposit holders. Now, in case enough people think that the bank is failing, people will start demanding their deposits. When enough deposit holders start withdrawing money, the bank will face a serious financial crisis, which can result in the failure of the bank.

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