You Have $168,000 on Deposit with No Outstanding Checks or Uncleared

question 98

Multiple Choice

You have $168,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $21,000. What is your book balance?

• A) $147,000
• B) $158,500
• C) $168,000
• D) $178,500
• E) $189,000

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Definitions:

Diffusion of Responsibility

A phenomenon where individuals in a group are less likely to take action or feel accountable for actions because the responsibility is seen as being distributed among all members of the group.

Riskier Decisions

Choices or actions taken that involve a higher level of uncertainty and potential for negative outcomes compared to alternative options.

Group Members

Individuals who belong to a specific group or team, sharing common goals, tasks, or interests.

Groupthink

A phenomenon where the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.