Four Groups,A,B,C,and D,are Meeting Separately

question 17

Multiple Choice

Four groups,A,B,C,and D,are meeting separately.Each is making an important decision.Below is one quotation overheard from each group's meeting.Based on these quotations,which group seems least likely to fall victim to groupthink?

• A) A: "The good Lord is on our side."
• B) B: "This is not the time nor the place to bring up worst-case scenarios."
• C) C: "This has to be done right even if it takes us all day to decide."
• D) D: "The threat is very real and we must act decisively and unanimously."

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Definitions:

Gross Method

A method of recording purchases of inventory at their gross price without any deduction for trade discounts at the time of purchase.

Periodic Inventory Method

An accounting approach where inventory values and cost of goods sold are determined at the end of an accounting period through physical inventory counts.

Purchases Discount

A reduction in the invoice price of goods, granted by the seller to the buyer for early payment within a specified time frame.

Gross Method

An accounting method for recording inventory purchases without deducting discounts at the time of purchase.