Match Each Following Terms with Their Correct Description from the Items

question 125

Multiple Choice

Match each following terms with their correct description from the items listed below.
-Has both a variable and a fixed component

• A)Variable cost
• B)Fixed cost
• C)Mixed cost
• D)Step cost

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Definitions:

Groupthink

A psychological phenomenon wherein the desire for conformity within a group results in an irrational or dysfunctional decision-making outcome.

Cohesive

Referring to the property of an element or group to stay together tightly and function in a unified manner.

Groupthink

A psychological phenomenon in which the desire for harmony or conformity within a group results in an irrational or dysfunctional decision-making outcome.

Devil's Advocate

A role assumed by an individual or group in discussions or decision-making processes to challenge ideas and assumptions by presenting a contrary argument.