Groupthink refers to the tendency of members in highly cohesive groups to lose their critical evaluative capabilities resulting in quick decision making with little consideration of alternatives.
Answer the following statement true (T) or false (F)
True
Groupthink appears when pressures for conformity are combined with an illusion of invincibility to suspend critical discussion of decisions. As a result decisions are made quickly with little consideration of alternatives; often the practice leads to fiascoes that, after the fact, appear totally improbable.
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Indicate whether the statement is true or false
Which of the following is true of the median income test?
A) If a family has median family income equal to the state's median family income, the debtor does not qualify for a Chapter 7 bankruptcy. B) If a family has median family income below the state's median family income, the debtor is subject to the "means" test. C) If a family has median family income below the state's median family income, the debtor automatically qualifies for a Chapter 7 bankruptcy. D) A debtor's debts are not discharged if the family median income is more than the state's median family income.
Only a statement made after a contract is entered into can be an express warranty
Indicate whether the statement is true or false
Smith Motors Inc. manufactures, distributes, and services automotive parts and engines worldwide. Smith's income statement for the year just ending is shown below. What was Smith's dividend per share in Year 1?
Smith Motors Inc. Income Statement Year 1 ($000,000's) Revenue $19,115 COGS 14,255 SG&A 2,245 Dep. Exp. 344 EBIT 2,271 Int. Exp. 47 Pre-Tax Income 2,223 Income Tax 767 Net Income 1,456 Shares Outstanding (millions) 175 Total Common Dividends $290.50 A) $0.74 B) $0.95 C) $1.28 D) $1.66 E) $2.03