The Term That Describes the Tendency of Groups to Want

question 11

Multiple Choice

The term that describes the tendency of groups to want to maintain cohesiveness at the cost of critical thinking is _____.

• A) groupthink
• B) self-management
• C) synergy
• D) unanimity

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Definitions:

Prepayment Penalties

Fees charged to borrowers for paying off a loan early, as compensation for the lender's lost interest income.

Pledge of Inventory

The use of a company's inventory as collateral to secure a loan or meet other financial obligations.

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.

Turning Receivables

Involves managing and collecting funds owed to a business by its customers within a given period.