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What is the GAAP requirement of accounting for a change in estimates?
Psychological Phenomenon
An occurrence or event that is related to the mind or mental processes and how they influence behavior.
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.
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