______ refers to a phenomenon in which the effect of a group discussion leads to a final decision more extreme than the average of the members.
a. Group polarization
b. Groupthink
c. Risky shift phenomenon
d. Ringi effect
a. Group polarization
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When using a self-managed team, a manager should
A. delegate administrative oversight of work scheduling and customer interaction. B. control the team's staffing and scheduling. C. offer lucrative individual bonuses. D. allow members to fire their team members. E. provide elaborate retreats for team discussions.
Which of the following terms is defined as the tendency to highlight certain aspects of a situation, either positive or negative, to solve a problem while ignoring other aspects?
A. sunk cost bias B. framing error C. projection bias D. randomness error
Answer the following statements true (T) or false (F)
1. The first step in planning an effective presentation is preparing the introduction. 2. The best way to ensure clarity in a presentation is to write a detailed outline. 3. Many presentations are delivered poorly, but they succeed because the speakers anticipate their audience’s reaction. 4. Although the speaker may know the audience well, a thorough analysis is still necessary.
A disadvantage of bond financing over equity financing is the burden on the cash flows of the company.
Answer the following statement true (T) or false (F)