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Why is the "Bay of Pigs" considered an example of groupthink? President John F.Kennedy and his cabinet in 1961 decided to invade Cuba.In a matter of days,Cuban forces repelled the invaders resulting in many casualties and troops being taken prisoner.In retrospect,there were many reasons why this invasion was doomed from the start,but the planning and approval were characterized by a belief that the insiders knew best and did not need to consider other points of view.Medium;Knowledge;Comprehension
Income Performance
Evaluation of a company's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period.
Users
Individuals or entities that utilize a particular service, software, or product.
Revenue Recognition Principle
The principle that companies recognize revenue in the accounting period in which the performance obligation is satisfied.
Merchandisers
Businesses that purchase and sell goods without significantly altering their form.
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