Groupthink Refers to the Tendency for Groups to

question 23

Multiple Choice

Groupthink refers to the tendency for groups to

• A)make members feel like they are part of a family.
• B)make decisions that the individual members know are poor ones.
• C)have a shared understanding of group tasks.
• D)make similar decisions that individuals would make.

---

Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since it was put into use, reflecting usage or wear and tear.

Service Fees Earned

Service fees earned refer to revenues a company generates from providing services to clients or customers, as opposed to selling physical goods.

Work Sheet

A paper or electronic document used by accountants to compile and analyze financial information prior to preparing financial statements.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating expenses.