Groupthink is a phenomenon in which a group reaches a decision by eliminating all critical thinking that threatens consensus
Indicate whether the statement is true or false.
Answer: True
Explanation: A groupthink approach to eliminating conflict can lead a group to ignore differing opinions that may be valuable, settle on a solution that may be wrong, and sacrifice creativity and innovation.
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Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $13,162. Franklin's August bank statement shows $14,237 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$4,500 Outstanding checks$3,900 Bank service fees, not yet recorded by company$50 The bank collected on a note receivable, not yet recorded by the company$1,725 The adjusted cash balance should be:
A. $10,337 B. $18,737 C. $13,112 D. $14,887 E. $14,837
Historical data used to predict the average or trend of actual demand are based on which of the following assumptions?
A. Past demand is not a reliable predictor of its future. B. Past demand is a reliable predictor of its future. C. Past demand is directly proportional to its future. D. Past demand is independent of its future.
Which of the following is not an advantage of the average rate of return method?
A) It is easy to use. B) It takes into consideration the time value of money. C) It includes the amount of income earned over the entire life of the proposal. D) It emphasizes accounting income.
Caramello Chip & Cookie Corporation (4C) obtains, and gives its employees, a list of the customers of Sugar & Spice Sales, Inc (3S). Under the law that applies to trade secrets, 4C's conduct is actionable provided
a. consumers are confused. b. 4C's conduct is intentional. c. 4C uses the list. d. 4C does not have 3S's permission to use the list.