Goodwill

question 8

Multiple Choice

Goodwill

• A)is the process of extending credit to needy customers
• B)measures the added value in a product
• C)always exist so long as a business operates
• D)is essentially a business's favourable reputation

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Definitions:

Morale

Morale is the capacity of a group's members to maintain belief in an institution or goal, particularly in the face of opposition or hardship.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Generalized Belief

A widely held opinion or conviction that is not specific to a particular instance but applies across many situations.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members after discussing an issue.