One of the Dangers of Groupthink Is the Group's Tendency

question 98

Multiple Choice

One of the dangers of groupthink is the group's tendency to:

• A)overthink all their possible options and delay the decision-making process.
• B)come up with too many solutions to a problem in an effort to reflect the unique knowledge of each of its members.
• C)be unable to come up with a solution due to the bystander effect.
• D)sacrifice the soundness of a decision in order to achieve interpersonal harmony.

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Definitions:

Competitive Firm

A company that operates in a market with many buyers and sellers, where it has little control over market price.

Competitive Labor Market

A labor market scenario where numerous firms actively seek to hire from a large pool of available workers, with wage rates determined by supply and demand.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor that workers are willing to offer and the wage rate, holding all other factors constant.

Labor Demand Curve

A graphical representation of the quantity of labor that employers are willing and able to hire at different wage rates.