Consider the Following Two Projects: the Payback Period for Project

question 74

Multiple Choice

Consider the following two projects: The payback period for project A is closest to ________.

• A)1.9 years
• B)2.3 years
• C)2.6 years
• D)2.1 years

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Definitions:

Groupthink

is a psychological phenomenon where the desire for harmony or conformity in a group leads to irrational or dysfunctional decision-making outcomes.

Cohesive Group

A collection of individuals who work together effectively, characterized by mutual respect, strong bonds, and a shared sense of identity and purpose.

Accountability

The obligation of individuals or organizations to report, explain, and be answerable for their actions or decisions.

Decision-making

The cognitive process of selecting a course of action from multiple alternatives, often involving consideration of potential consequences.