The phenomenon whereby members of a group overlook or disregard problems so as to maintain group cohesion and harmony is termed ___________?
a. Group cohesion
b. Harmony
c. Groupthink
d. Social loafing
c. Groupthink
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Fill in the blank(s) with the appropriate word(s).
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Indicate whether the statement is true or false.
Crest Products expects the following sales of its single product: UnitsAugust25,000September24,000October22,000November20,000December17,500Crest desires an ending finished goods inventory to be equal to 30% of the next month's sales needs. August 1 inventory is projected to be 7,800 units. Each finished unit requires 2 units of component X and 11 units of component Z. August 1 materials inventory includes 5,000 units of component X and 184,000 units of component Z. Crest desires to maintain a component X inventory equal to 10% of next month's production needs and a component Z inventory equal to 70% of next month's production needs.a. Prepare a production budget for Crest for as many months as is possible.b. Prepare a direct materials purchases budget for both Component X and Component
Z for the months of August through October. What will be an ideal response?