Isabella’s team suffered a process loss because the team favored group consensus over a realistic appraisal of alternative courses of action. Isabella’s team experienced ______.
A. synergy
B. groupthink
C. focus
D. social loafing
B. groupthink
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Which of the following occurs when a person has already invested in a course of action, and does not recognize what they invested initially is gone?
A. sunk costs fallacy B. satisficing C. hindsight bias D. overconfidence bias
Julia suffered a severe stroke and has been admitted to a private hospital where she is expected to remain for the rest of her life. She is certified by a licensed health care practitioner as being a "chronically ill individual." Her hospital expenses amount to $350 per day. She will receive $340 per day from a $500,000 life insurance policy as an accelerated death benefit. In 2018, she was in the hospital for 10 days and received $3,400. How much of this amount is taxable?
A. $500 B. $0 C. $3,400 D. $100
Which of the following is true of a special indorsement?
A) It is only considered valid if it includes words of negotiation. B) It requires the signature of the indorser to be valid. C) It can be negotiated just on delivery. D) It is considered a bearer instrument.
Fritz is seriously considering bankruptcy because he has a large number of outstanding debts, the principal ones of which are as follows: 1. he owes his ex-wife $25,000 in back alimony and child support; 2. he owes $20,000 in guaranteed student loans;
3. he has a lawsuit pending against him in which his ex-girlfriend is asking for $50,000 in damages (the suit is based upon the intentional tort of battery and arises from an incident in which Fritz got mad at his girlfriend and hit her); and 4. he owes the First Bank $20,000 for the loan securing his new sports car. Should Fritz file for bankruptcy?