Which of the Following Is an Example of Groupthink

question 21

Multiple Choice

Which of the following is an example of groupthink?

• A)The five officers of Gateway are planning a business enterprise they know to be highly profitable.Two know the plan to be illegal.Nevertheless,they do not voice their concerns,but go along with the team's plan.
• B)The five officers of Gateway devise a highly profitable plan.Dan,the CFO,points out to the group that the plan will likely get the company a good deal of negative publicity.Dan states that he will not sanction the team's plan.
• C)Mike,Sean,and Ned draft plans for a new software company.They have all thought through their plans and no one has any criticisms or concerns.
• D)Two Africans approach an automotive company for a dealership.The company informs them that the vast majority of black dealers are not successful in making a profit.They convince the Africans against making the deal.

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Definitions:

Economic Theory

The study of economies or economic systems, the behavior of economic agents, and the allocation of resources.

Workers' Wage

The monetary compensation paid to a worker for their labor.

VMPL

The Value of the Marginal Product of Labor, representing the additional income generated from employing one more unit of labor.

MPL

Marginal Product of Labor refers to the additional output produced as a result of hiring one more unit of labor.