Groupthink Affects Decision Making By

question 3

Multiple Choice

Groupthink affects decision making by:

• A) increasing the likelihood of social loafing.
• B) increasing the likelihood that the group will not consider alternative perspectives.
• C) decreasing the fear of death.
• D) decreasing the likelihood that the group will examine the risks of their actions.

---

Definitions:

Equivalent Units

A concept in cost accounting used to assign costs to partially completed goods, measured in terms of complete units of output.

First-In, First-Out

An inventory valuation method where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of fully completed units for inventory and cost calculations.

Yield Measures

Refer to the various ways to calculate the return on an investment, often considering interest or dividends received.