In Discussing a Given Set of Alternatives and Arriving at a Solution

question 21

Multiple Choice

In discussing a given set of alternatives and arriving at a solution, group members tend to exaggerate the initial positions they hold. This phenomenon is called ________.

• A) social desirability bias
• B) groupshift
• C) halo effect
• D) social loafing
• E) ingroup favoritism

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Definitions:

GDP

Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Risk Problem

A situation or decision-making process involving uncertainty about various outcomes and their potential impacts on objectives.

Command Systems

Economic systems where the government or a central authority makes all decisions regarding the production and distribution of goods and services.

Market System

An economic framework in which choices about investment, production, and the distribution of goods and services are influenced by supply and demand dynamics, with their prices established through a system of free pricing.