A Group of Microbiology Students Has Been Working on a Semester-Long

question 21

Multiple Choice

A group of microbiology students has been working on a semester-long project that will determine 50 percent of the students' course grades.A week before the project is due,the students realize they have made a critical error and their results are useless.One member of the group argues strongly that they should falsify their results so they will be able to turn in a successful project.Though all the other members have doubts,none of them feels comfortable saying so.All the members ignore the possibility of being caught and convince themselves to falsify the report.This scenario is an example of:

• A) bystander effect.
• B) social facilitation.
• C) social loafing.
• D) groupthink.

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Definitions:

Equity Method

An accounting technique used by firms to assess the profits earned through their investment in other companies, recording income based on their share of net earnings.

Common Stock

Shares entitling their holder to dividends that vary in amount and may even be omitted, unlike preferred stock which has a fixed dividend.

Book Value

The net value of a company's assets as shown on its balance sheet, calculated as total assets minus intangible assets and liabilities.

Equity Method

An accounting technique used to record an investment in another company, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the net profit or loss of the investee.