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Genrish500 [490]
3 years ago
13

The product development team of a company conducts a meeting to discuss the worthiness of launching a new product in the market.

The majority of the team members support the idea and believe it would sell in the market. However, one member, Jeff, is not very sure of the success of the product in the market but decides not to voice his opinion fearing that his dynamics with the team might get affected. This scenario illustrates the concept of _____.
Business
1 answer:
tigry1 [53]3 years ago
5 0

Answer:

This scenario illustrates the concept of groupthink.

Explanation:

Groupthink is the process in which a group of people reaches the outcome by the process of group decision making. The conflict among the members of the group is tried to get resolved so that they can reach a consensus. The unpopular opinion or the alternatives are set aback and a group decision is made collectively. It helps in problem-solving and making good decisions altogether.

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A business organization needs to make up a 5 member fund-raising committee. The organization has 10 accounting majors and 8 fina
miss Akunina [59]

Answer:

The fund raising committee can be organized in 3,276 different ways.

Explanation:

The committee can have the following structures:

Accounting majors            Finance majors

        0                                          5

        1                                           4

        2                                          3

C(10,0) x C(8,5) = (10! / 10!) x (8! / 3!5!) = 1 x 56 = 56

C(10,1) x C(8,4) = (10! / 9!1!) x (8! / 4!4!) = 10 x 70 = 700

C(10,2) x C(8,3) = (10! / 8!2!) x (8! / 5!3!) = 45 x 56 = 2,520

total possibilities = 2,520 + 700 + 56 = 3,276

                               

6 0
3 years ago
Excise tax is levied in the __ of goods and services
lina2011 [118]

Answer:

its probably buying

Explanation:

6 0
2 years ago
Listed below are accounts that appear in financial statements.
Kobotan [32]

Answer:

Dividends  - <em>Statement of Changes  in Retained Earning</em>

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes  in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue  - <em>Balance Sheet</em>

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - <em>Income Statement</em>

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

7 0
3 years ago
Julia wanted to test out a new product for her company. She scheduled several small group lunches and learns with internal staff
KengaRu [80]

Answer: Informational

Explanation: These roles refers to the collection, dissemination and transmission of information by the manager. This role of the manager depicts how suitable a manager in decision making as the information collected is usually related to some important decision to be made.

     In the given case, Julia tries to collect all the relevant information from different sources such as staff meetings. She collected all the information with objective of making the product suitable for customer needs and preferences.

Thus, we can conclude that Julia likes to play informational role.

7 0
3 years ago
Interest begins accruing on a _____ the day of the transaction.
xenn [34]
Interest begins accruing on a __<span> cash advance </span>___ the day of the transaction
.As interest is the
<span>money that is  paid regularly at a particular rate for the use of money lent
</span>A __<span>posting date</span>___ is when a payment is credited to an account. 
its the date at which money is being transected from bank
so correct option is B
hope it helps
6 0
3 years ago
Read 2 more answers
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