The Tendency for People to Work Less Hard When They

question 50

Multiple Choice

The tendency for people to work less hard when they are working in a group than when they are working alone is known as:

• A) the self-serving bias.
• B) social facilitation.
• C) social loafing.
• D) groupthink.

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Definitions:

Financing Activities

Financing activities involve transactions between a company and its investors or creditors, affecting the equity and long-term liabilities on the balance sheet.

Depreciation Expense

An accounting method used to allocate the cost of a tangible asset over its useful life.

Operating Expenses

Costs associated with running a business's day-to-day activities, excluding the cost of goods sold, such as rent, utilities, and payroll.

Liquidity Ratio

A financial metric used to determine a company's ability to pay off its short-term liabilities with its most liquid assets.