Groupthink Occurs in a Meeting When

question 207

Multiple Choice

Groupthink occurs in a meeting when

• A)everyone has an opinion but no one is willing to take charge.
• B)everyone has the same idea after using the brainstorming idea-generation technique.
• C)there is too much competition among marketing managers, so no one is willing to share his/her ideas.
• D)someone suspects that there is a problem with the new product concept but is afraid to speak up because everyone else is so enthusiastic about it.
• E)top management wants the new product to go forward regardless of what anyone else thinks.

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Definitions:

FMV

Fair Market Value; an estimate of the market value of an asset, based on what a willing buyer would pay to a willing seller.

Subchapter S Corporation

A type of corporation that meets specific Internal Revenue Code requirements, offering the benefits of limited liability of a corporation but is taxed as a pass-through entity.

Taxed

Subject to taxation by governmental authority, involving the imposition of financial charges on individual or corporate income, property, goods, services, or transactions.

Partnership

A business organization where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.