Group Members Unite to Preserve the Status Quo

question 67

Multiple Choice

Group members unite to preserve the status quo. This resistance to change results from_________ .

• A)cognitive biases
• B)power and conflict
• C)group norms
• D)group cohesiveness

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Definitions:

Purchase Price

The cost at which something is bought, which may include additional fees or taxes involved in the transaction.

Material Cost

The expense incurred in acquiring the raw materials needed to produce a good or deliver a service.

Holding Cost

Holding cost is the expense associated with storing unsold goods or items held in inventory over a certain period, including warehousing, insurance, and depreciation costs.

Economies of Scale

The cost advantage achieved by an increase in production volume that leads to a reduction in per-unit costs.