How do group polarization and groupthink affect a team’s decision-making process?
What will be an ideal response?
Group polarization results in more extreme decisions than the average group members, which may not accurately reflect how members felt about the issue. Both normative and informational influences are at hand in inducing polarization, so individuals are unduly influenced by the group to sway their decisions in more extreme directions. Groupthink limits perspectives and forces conformity so that dissenting opinions are suppressed. Both phenomena negatively affect group decisions.
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Rent owed to the landlord is a balance sheet item for Generic Products Company. How would it most likely be classified on the balance sheet?
a. Current liability b. Long-term liability c. Current asset d. Owners' equity
Giving team members homework or tasks at meetings
a. allows the team members to be more involved in each task. b. is a way to assert authority. c. helps maintain the line between subordinate and superior. d. will cause employees to forget the other points of the meeting.
During the ________ stage of group development, close relationships develop and the group demonstrates cohesiveness.
Fill in the blank(s) with the appropriate word(s).
The debt to equity ratio of four companies is given below.
Which of the following companies has the greatest financial risk?
A) Lewis, Inc.
B) Jackson, Inc.
C) Jones Corp.
D) Roberts Corp.