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In: Finance

Think of Groups: 1. What do you understand about groups? 2. Explain five (5) critical attributes...

Think of Groups: 1. What do you understand about groups? 2. Explain five (5) critical attributes (properties) of groups; examples are necessary

Solutions

Expert Solution

A Group is a fundamental part of a society which is constituted by two or more persons, called as members and the whole as a group, having the same objective, common problems and dangers so all members are engaged in solving them.

The five critical attributes or properties of groups are :

  1. Frequent interactions : The members of a group are get engaged with each other in frequent interactions and talk to each other. For example, staff members of a department.
  2. Identification : The members of a group are identified being a member of a group. For example, the employees of a company, who recognized as a employee of the company.
  3. Other society members call them as a group : The members of the society call the group members as a group, as the employees of a company are called employees of the company.
  4. Common interest : The members of the group are sharing common beliefs, values and interest / objective to form a group like a company is formed with a employee with a common objective or mission.
  5. Defined as a group : The members and other persons of the society define themselves as a group, not as separate person due to common tasks of each of them being member of the group. For example, each employee of a company calls themselves as employee of the company.

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