Symptoms of Groupthink Include: Rationalizing Unpleasant and Disconfirming Data; Stereotyping

question 174

True/False

Symptoms of groupthink include: rationalizing unpleasant and disconfirming data; stereotyping competitors as weak, evil, and/or stupid; protecting members from hearing disturbing ideas or outside viewpoints; and applying direct pressure to deviants to conform to group wishes.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts in preparation for the next accounting period.

Financial Statements

Formal records that outline the financial activities and condition of a business, organization, or individual, commonly including the balance sheet, income statement, and cash flow statement.

Balance Sheet Columns

Columns typically found in a balance sheet used to report a company's financial position at a certain point in time, showing assets, liabilities, and shareholders' equity.

Income Statement Columns

The segments in an income statement (profit and loss statement) that categorize financial data into revenues, expenses, and net income over a specific period.