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Group Think Can Occur If Groups Are Friendly and Tight

question 8

Essay

Group think can occur if groups are friendly and tight knit.Poor decision making can result.Explain the eight classic symptoms of group think.How would you overcome group think?


Definitions:

Estimated Fixed Costs

Forecasted expenses that do not vary with the level of production or sales over a specific period of time.

Net Sales

This refers to the total revenue from sales minus returns, allowances for damaged or missing goods, and discounts.

Contribution Margin Ratio

The percentage of each sales dollar that is available to cover the fixed costs and provide an operating income.

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