Examlex
Explain what is meant by groupthink and elaborate on reasons why it can be dangerous for organizations.
Psychic Income
The non-material satisfaction or pleasure derived from an activity or possession, not measured in terms of money.
Psychic Cost
The mental or emotional strain and stress that can arise from making decisions or engaging in a transaction, not accounted for in traditional financial costs.
Per Capita GDP
A measure of the total output of a country divided by the number of people in the country, providing an average economic output per person.
Wear Out Allowance
A depreciation method that factors in the reduction of an asset's value due to physical wear and tear over time.
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