The Drawback,of Course,is That Many Group Members May Be Satisfied

question 40

Short Answer

The drawback,of course,is that many group members may be satisfied with the first solution-either because it already incorporates their views or because the difficulty of achieving it may sap their ____________ for exerting any time and energy to improve it.

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Definitions:

Deferred Tax Asset

This asset reflects the future tax benefits that a company is entitled to, due to deductible temporary differences and carryforwards.

Operating Loss

A loss that occurs when a company's operating expenses exceed its revenues.

Carryback Provision

A tax provision allowing companies to apply a current year's net operating losses to past years' profits for potential tax refunds, offsetting taxable income in profitable years.

Operating Losses

Losses that occur when a company's operating expenses exceed its revenues over a specific period, indicating that the core business activities are not generating sufficient income.