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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
Transfer Price
The price at which goods or services are transferred between departments or affiliated entities within the same organization.
Divisional Managers
Managers who are responsible for overseeing and directing a division within a company, typically with responsibility for profit and loss.
Profit Centers
Segments within a company that are responsible for generating revenue and profit, often evaluated separately to analyze their performance.
Operations Margin
An indicator of profitability, calculated as the ratio of operating income to net sales, reflecting the efficiency of a company's operations.
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