Is having groupthink in a team an advantage or disadvantage to the group? Explain your answer.
What will be an ideal response?
*Groupthink is a major disadvantage to team decision making
*Because the team members are more concerned with preserving harmony in the group than with risking
opinions that may cause conflict or offense
*Being in this kind of group confers an illusion of immunity, an “us against the world” view that the group
members know better than outsiders, even given evidence to the contrary
*Without any dissenting voices within a team, nothing will ever change because they will think that every
decision they make is the right one
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In the scoping stage of the new product development process, ______.
A. the team evaluates the technical merits of the product in relation to its potential target market B. the team analyzes the channels through which the product can be distributed C. the team reviews the media for advertising the product D. the team recruits the team that will manufacture the product
The Statement of Cash Flows may be superior to the cash budget as a performance evaluation measure because
a. cash flows are shown on the accrual basis on the cash budget. b. the cash budget does not include capital investments. c. cash flows are arranged by activity. d. of all the above reasons.
A fast-food chain wanted to add a new product to its breakfast menu. The company considered a pancake shaped like a muffin. The problem was determining how a customer would add syrup to the pancake while eating and driving
Fortunately, one of the company's suppliers developed a crystallized syrup that seeps through the pancake once it is heated. Explain the phase of new-product development that occurred during this process with the chain and its supplier? Support your rationale.
Accrued expenses are ordinarily listed on the balance sheet as current assets
Indicate whether the statement is true or false