If Mega Corp

question 317

Multiple Choice

If Mega Corp. borrows $8,000 and agrees to pay the lender $9,000 in one year, the annual interest rate on the loan is approximately _____%.

• A) 9.0
• B) 10.5
• C) 12.5
• D) 11.8

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Definitions:

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Shared Information Bias

A tendency in group decision-making processes to disproportionately discuss information that all members are already familiar with, rather than considering new or unknown information.

Cross-cueing

A mechanism where the presence of one stimulus or cue enhances the recognition or recall of another related cue.

Transactive Memory Systems

A shared system for encoding, storing, and retrieving information within a close-knit group, where members know who is responsible for certain types of information.