The Principle of Group Polarization Refers to How

question 39

Multiple Choice

The principle of group polarization refers to how

• A)the average opinion of like-minded group members becomes more extreme after discussing an issue
• B)group members tend to suspend critical thinking because they want to be accepted by the group
• C)group decisions tend to be more conservative and less risky than similar decisions reached by individuals
• D)individual decisions tend to be more conservative and less risky than similar decisions reached by groups

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Definitions:

Process Costing System

A cost accounting system used where similar goods or services are produced in a continuous process, assigning costs to units of output on an average basis.

Homogeneous Product

A product that is uniform and consistent in quality and characteristics, making it indistinguishable from products produced by other manufacturers.

Weighted-Average Method

A cost accounting method that calculates the cost per unit of inventory based on the average cost of all similar items in the inventory.

Conversion Costs

The cumulative costs of direct labor and manufacturing overhead that are incurred to convert raw materials into finished goods.