Answer:
The North thought it would win the Civil War because it had more industry. The South thought it would win because it had an excellent cavalry and well trained soldiers.
Explanation:
Groupthink. According to Wikipedia, groupthink is “a psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.”
Answer:
When an organization taps one of its current executives to be its new CEO, the transition might seem straightforward. The promotion is often the culmination of years—maybe decades—of hard work. CEOs who come from inside the company have probably served in the C-suite or run a large division before, so they have relationships with everyone in top management and the confidence of the board. They know the organization, its history, and its culture. They understand its strategy and might have been intimately involved in developing it. They’ve established credibility and support. You’d think, then, that they’d have an easier time adjusting to and excelling in the job than external hires would.
Explanation:
The potential benefit given up when selecting one alternative over another is a(n) opportunity cost.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another. The difference between the anticipated returns of each alternative is all that needs to be considered when estimating an opportunity cost.
The determination of a company's capital structure involves opportunity cost analysis in a significant way. To pay lenders and shareholders for the risk of their investments, a corporation must incur costs when issuing both debt and equity capital, but each has an opportunity cost as well.
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Answer:
A hypothesis is a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.
Explanation:
For example i can say my hypothesis is that the world will make robots and get rid of humans