The Illusion of Unanimity in a Group Is One Aspect

question 41

Multiple Choice

The illusion of unanimity in a group is one aspect of:

• A)outgroup bias.
• B)deindividuation.
• C)groupthink.
• D)self-realization.

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Definitions:

Cash

Liquid assets that a company or individual has available for transactions.

Bank Reconciliation

The process of ensuring that a company’s bank account balance matches its financial records, identifying discrepancies and making adjustments as necessary.

Internal Controls

Systems and steps a corporation takes to verify the accuracy of financial and accounting reports, encourage responsible behavior, and stop dishonest practices.

Journal

A record where all financial transactions are entered in chronological order, serving as the initial place of recording.