Which of the Following Events Best Illustrates the Disastrous Effects

question 61

Multiple Choice

Which of the following events best illustrates the disastrous effects of groupthink?

• A) the Johnson administration's eventual decision to decrease the number of troops fighting in Vietnam
• B) the Kennedy administration's decision to conduct the Bay of Pigs invasion
• C) the Japanese government's decision to bomb Pearl Harbor
• D) All of the above are correct.

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Definitions:

Shares of XYZ

Refers to units of equity ownership in a corporation named XYZ, representing a fraction of the corporation's total capital.

Corporate Bond

A loan to a corporation; the corporation agrees to pay the bondholder back with interest, much like a bank pays a customer with money on deposit.

Interest Per Year

The annual amount of interest paid on an investment or loan, expressed as a percentage of the principal.

Net Proceeds

The amount of money made on a stock trade after the brokerage fees are paid.