Spencer talked with Allie after their task force meeting, and they discovered that neither of them had been in favor of dropping some items from next year's budget, yet neither spoke up. Both wanted to be supportive of the group instead. This is an example of   

A. goal displacement.
B. satisficing.
C. groupthink.
D. heuristics.
E. self-selection.


C. groupthink.

Groupthink occurs when group members strive to agree for the sake of unanimity and thus avoid accurately assessing the decision situation. Here the positive team spirit of the group actually works against sound judgment.

Business

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Fill in the blank(s) with the appropriate word(s).

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Which of the following financial statements is prepared to show the changes in the common equity accounts between balance sheet dates?

A. Pro forma statement B. Income statement C. Statement of retained earnings D. Statement of cash flows E. Proxy statement

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Indicate whether the statement is true or false

Business

Charles and Ellen, an unmarried couple, run an ice cream store. The business is not incorporated and they have filed no formation papers with the state. Their business is a A)sole proprietorship

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Business