What Is "Retained Earnings

question 104

Essay

What is "Retained Earnings?"

Understand the concept of groupthink and its impact on group decision-making.

Identify the antecedents and conditions leading to groupthink.

Comprehend how group polarization affects decision-making and relates to group norms.

Recognize the role of self-categorisation theory in explaining group behaviour.

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Definitions:

Groupthink

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

Bay of Pigs

The site of a failed invasion of Cuba by Cuban exiles supported by the U.S. in 1961, aiming to overthrow Fidel Castro's government.

Reciprocity Theory

An exchange theory that focuses on conflict, risk, and the expressive value of exchange.

Reciprocal

A mutual exchange whereby both parties involved provide or receive something of similar value.