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Circuit City went bankrupt because of a series of poor managerial decisions and a down turn in the economy.In retrospect,it would seem that there was too much emphasis on the group reaching a consensus decision.As a result,many decisions were made to avoid conflict.What disadvantage of group decision making does this represent?
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Credit Sales
Sales made by a business where payment is deferred to a later date, typically documented by an invoice.
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Journal Entry
A record of a transaction in the accounting journal that details which accounts are affected and in what way.
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