Which of the Following Statements Is True About Groupthink

question 100

Multiple Choice

Which of the following statements is true about groupthink?

• A)The group keeps changing its mind in response to outside pressures.
• B)"Esprit de corps" (morale)tends to be low.
• C)The leader tends to be process oriented.
• D)High group cohesiveness is a necessary but not sufficient for groupthink.
• E)The group feels vulnerable and indecisive about its options.

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Definitions:

Second-Price Auction

An auction format in which the highest bidder wins but pays the second-highest bid, encouraging true value bidding.

Selling Price

The amount of money for which a product or service is sold to the customer.

True Value

The actual, intrinsic value of an asset or entity, not influenced by external factors like market fluctuations or subjective perceptions.

Bid-Rigging

An illegal agreement among competitors to raise, lower, or maintain prices at agreed-upon levels, often in auctions.