Despite the fact that Rodney’s team has been warned numerous times about the direction their decisions are taking the organization, they remain on their current path, often discounting those warnings. Rodney’s team is guilty of which aspect of groupthink?
A. brainstorming
B. an illusion of invulnerability
C. using rationalizations
D. believing their inherent morality
C. using rationalizations
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When a company collects the face value of a long-term investment in bonds at maturity, ________.
A) total assets and equity of the firm remains unchanged B) both assets and liabilities of the firm increase C) both assets and equity of the firm increase D) liabilities decrease and equity increases
Which of the following is an element of misrepresentation?
A) The statement is false. B) The statement must be made a term of the final contract. C) The statement is one of fact. D) Both A and B E) All of the above
[The following information applies to the questions displayed below.] CompanyA B C DSales$80,000 $180,000 $120,000 $100,000 Cost of goods sold 48,000 135,000 72,000 60,000 Gross margin 32,000 45,000 48,000 40,000 Operating expenses 9,600 12,600 10,800 10,000 Net income$22,400 $32,400 $37,200 $30,000 Based on common-sized income statements, which of the companies spent the least on operating expenses in relationship to its sales?
A. Company A B. Company B C. Company C D. Company D
How do scholars explain differences in firm performance within the same industry?
What will be an ideal response?