A Team with Too Much Conformity in Decision-Making and a Lack

question 42

Multiple Choice

A team with too much conformity in decision-making and a lack of independent thought may be experiencing .

• A)consensus
• B)incohesiveness
• C)groupthink
• D)conflict aversion
• E)majority-itis

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Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and gasoline.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.

Excise Tax

A tax levied on the sale or production for sale of specific goods within a country, typically focused on items like fuel, tobacco, and alcohol.

Efficiency Loss

A reduction in economic well-being due to inefficiencies in the allocation of resources, often caused by market distortions or government policies.