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One of the Possible Downsides of a Decision by Unanimity

question 83

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One of the possible downsides of a decision by unanimity is that it can lead to groupthink.


Definitions:

Variable Overhead

Costs that fluctuate with production levels, such as utilities or materials used in the manufacturing process.

Variable Costing

An accounting method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overheads - in product costs.

Variable Costs

Costs that change in proportion to the level of production or business activity.

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