Reference: 16_05 Refer to the Following Incomplete Table of Cost Information

question 35

Essay

Reference: 16_05
Refer to the following incomplete table of cost information:

-What was the cost of the goods transferred out of the Bagging Department and into the finished goods inventory?

---

Definitions:

Cultural Values Theory

The view that people in groups use members’ opinions about the position valued in the wider culture, and then adjust their views in that direction for social approval reasons.

Group Polarisation

The tendency of a group to make decisions that are more extreme than the initial inclination of its members.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Risky Shift

Tendency for group discussion to produce group decisions that are more risky than the mean of members’ pre-discussion opinions, but only if the pre-discussion mean already favoured risk.