Which of the following characteristics of groups may lead to groupthink?
A. Too little information available to the group
B. Errors in the information available to the group
C. Overconfidence
D. Disagreements among the members
E. Diversity in the group
C. Overconfidence
Groups are more confident about their judgments and choices than individuals are. This can be a liability because it can lead to groupthink.
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Answer the following statements true (T) or false (F)
In the Trueblood Committee Report, the meaning of the word accountability is limited to the functions of safekeeping of assets and ensuring that they are used in accordance with investors’ purposes.
The grapevine in an organization
a. is less accurate than other channels. b. serves a necessary purpose; thus, managers should work to understand its functioning. c. passes a message in single file from person to person until it finally reaches the end of the line. d. has a single, consistent source.
Failing to gather enough information to cover all important aspects of a problem is an error at the document-preparation stage of collecting and organizing data
Indicate whether the statement is true or false
Under a best efforts arrangement, the investment bank purchases all of the shares from the issuing firm and then resells the shares to the public. Under this arrangement, the investment banks assume significant risk.
Answer the following statement true (T) or false (F)