The precedence of the group over an individual is when a person or group decides that the needs of as many people should be met and the rest have to live with it.
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what are the disadvantages and advantages tools in nutrition? what are the disadvantages and advantages tools in nutrition?
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merit and demerit of peer group
An advantage of a study group is that someone may point out something that you may have missed. A disadvantage of a group is that you may not get anything done. An advantage of studying alone is quiet. A disadvantage of studying alone is that you may miss something.
The advantages of group lending over individual lending include: the use of peer pressure as a substitute for collateral, the reduction in transaction costs by gathering as a group, and the utilization of hierarchal structure to learn more about clients. On the flip side, disadvantages include the higher likelihood of group failure in the event of a single default, higher training costs, and a higher financial responsibility for others in a group.
The advantages of group lending over individual lending include: the use of peer pressure as a substitute for collateral, the reduction in transaction costs by gathering as a group, and the utilization of hierarchal structure to learn more about clients. On the flip side, disadvantages include the higher likelihood of group failure in the event of a single default, higher training costs, and a higher financial responsibility for others in a group.
Group-based lending offers several advantages, including increased borrower accountability, as group members support each other in meeting repayment obligations, and lower transaction costs for lenders due to smaller loan sizes and reduced individual assessments. However, disadvantages include the risk of peer pressure and social dynamics potentially leading to conflicts, as well as the possibility that less reliable members can jeopardize the entire group's loan eligibility. Additionally, group lending may limit access for those who prefer or require individual loans, potentially excluding more vulnerable borrowers.
You will have the chance to know and experience other culture.
The cost advantages of choosing group insurance over individual insurance include discounted prices, group benefits, and coverage for families/dependents. The other benefit is that you can pay pretax.
A frequency polygon is not very effective in displaying group data when the class sizes are not the same.