The Major Purpose of 360-Degree Feedback Is to Increase Uniformity

question 88

True/False

The major purpose of 360-degree feedback is to increase uniformity by soliciting like-minded views.

Understand the concept of groupthink and its symptoms within teams.

Comprehend the benefits and costs of group participation and the social rewards theory.

Identify the characteristics that define a small group or team.

Recognize the signs of groupthink in real-life scenarios.

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Definitions:

Gross Margin

The difference between revenue and the cost of goods sold, divided by revenue, expressed as a percentage.

Marketing Activities

Actions or initiatives undertaken by companies to promote their products or services, including advertising, social media campaigns, and public relations.

Price

The amount of something—money, time, or effort—that a buyer exchanges with a seller to obtain a product.

Expenses

Costs incurred in the running of a business or the completing of an activity.