One of the symptoms of groupthink is closed-mindedness. Explain this symptom and provide an example of closed-mindedness.
What will be an ideal response?
Responses should include the notions that closed-mindedness
demonstrates polarized thinking, which means viewing the world in extremes.
Things are perceived either as good or bad, right or wrong. If they are good, they
are wholly good; if they are bad, they are wholly bad. If a decision is right, it must
be completely right. Example will vary.
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A movement of citizens, government agencies, and the business community that advocates the preservation, restoration, and improvement of the environment is referred to as
A. green capitalism. B. activism. C. consumerism. D. humanitarianism. E. environmentalism.
What is the most important difference when a business uses Chapter 11 rather than Chapter 7 in
a bankruptcy? A) In Chapter 11, there is never a trustee, whereas in Chapter 7 there is always a trustee. B) In Chapter 11, petitions must be voluntary, whereas Chapter 7 petitions can be either voluntary or involuntary. C) In Chapter 11, all creditors are assured of receiving some payment, whereas in Chapter 7 some creditors may receive nothing. D) In Chapter 11, the business survives, whereas in Chapter 7 the business does not survive.
When one of the counterparties to an agreement globally may possibly fail to honor its contract, it is known as ________ risk
A) interest rate B) business C) transaction D) default
An organization can be a social media provider but not a social media user.
Answer the following statement true (T) or false (F)