A Phenomenon That Occurs in Decision Making When Group Members

question 133

Multiple Choice

A phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus is known as

• A) Goal displacement.
• B) Domination.
• C) Intuition.
• D) Groupthink.
• E) Satisficing.

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Definitions:

Money Supply

The aggregate monetary value within an economy, including cash, coins, and all balances in checking and savings accounts, at a given moment.

Interest Rates

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal.

Equilibrium GDP

The level of Gross Domestic Product where the total output of an economy equals the total demand.

Open Market

An economic system in which buying and selling of goods and services are conducted freely with minimal government intervention.