In a Meeting to Select a Theme for the School

question 98

Multiple Choice

In a meeting to select a theme for the school carnival, there was pressure on everyone to approve a particular theme. New ideas were discouraged, and the primary goal appeared to be group harmony. This pattern of decision making BEST illustrates _____.

• A) diffusion of responsibility
• B) social facilitation
• C) groupthink
• D) the false consensus effect

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Definitions:

Equivalent Annual Cost

Equivalent annual cost is a financial analysis tool used to compare the cost effectiveness of different projects or investments with differing lifespans by calculating their equivalent cost per year.

EAC

Equivalent Annual Cost, a financial analysis tool used to compare the cost effectiveness of different investments or projects over their lifecycles.

Compute

To calculate or process information using a computer or mathematical methods.

Bid Price

The maximum price that a buyer is willing to pay for a security or commodity.