As a Chairperson of an Important Committee,you Recognize the Danger

question 3

Multiple Choice

As a chairperson of an important committee,you recognize the danger of groupthink.What is one way that your committee can avoid groupthink?

• A) provide some time at the beginning of each meeting for small talk
• B) allow the members of the group to get to know each other socially
• C) during each meeting, emphasize the importance of group unity
• D) make sure the group remains task oriented

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Definitions:

Cash

Cash involves money in the form of currency, which includes bank notes and coins, that is in hand or readily available in deposit accounts for immediate use.

Building

A structure established or built from materials to provide shelter or accommodate individuals, businesses, or activities.

Consolidation

The process of combining financial statements of parent and subsidiary companies into one comprehensive set of statements.

Fair Value

The estimated market value of an asset or liability, based on current conditions and informed market participant transactions.