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jok3333 [9.3K]
3 years ago
8

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:
A. reverse psychology
B. conservative bias
C. groupthinik
D. synergy
Business
1 answer:
kumpel [21]3 years ago
7 0

Answer:

The correct option is groupthink, option C

Explanation:

Synergy is combining individual efforts together in order to achieve more than it is possible individually, a concept of 2 plus 2 equals 5.Hence, the question is not about achieving more in a group, so it is not about synergy.

Groupthink is the concept of reasoning a single team where individual reasoning or creativity is subordinated to group thinking and sometimes leading sub-optimal decisions been made,that was exactly the case of Jeff and his team

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Most operating decisions of management focus on a narrow range of activity called the ______ of production.
dmitriy555 [2]

Most operating decisions of management focus on a narrow range of activity called the relevant range of production. This is further explained below.

<h3>What are operating decisions?</h3>

Generally, Decisions about daily operations are the kinds of particular business choices that are made by every company on a daily basis. There are millions upon millions of these that have been taken, and thousands upon thousands of distinct varieties. Decisions on how to operate day-to-day activities in a firm are called "operational" and are made by a variety of employees.

In conclusion, The majority of operational choices made by management center on a certain subset of activities, which is referred to as the relevant range of output.

Read more about operating decisions

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4 0
2 years ago
Justin Co. recently purchased materials from a new supplier at a very attractive price. The materials were found to be of poor q
nataly862011 [7]

Answer:

C

Explanation:

more labor expense bringing in extras workers. Drives down the profits.

5 0
4 years ago
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Ref
kondaur [170]

Answer:

Explanation:

Opening units  0

Started               56000

                        56000

Transffered        30000

Closing                26000

                             Production Table

Using Weighted Average Method

Cost Element   Complete   Closing WIP   Equivellant production units  

Material                30,000        26,000                      56,000  

Labour Cost             30,000        19,500                       49,500  

6 0
3 years ago
FunTime Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States includi
Contact [7]

Answer:

the target sales in units is 12,000 dinner cruise tickets

Explanation:

For FunTime Cruiseline to reach its target operating income of $30,000, it must first break -even then make a profit to the extent of $30,000.

This statement is presented in the formula below :

Target Sales - Units = (Fixed Cost + Target Profit) / Contribution per Unit

                                  = ($210,000+$30,000)/( $50 - $30)

                                  = $ 240,000/ $ 20

                                  =  12,000

3 0
4 years ago
McCoy's Building Supplies built a new headquarters to support its surging sales growth. McCoy issued a 10 year bond at 100 with
IgorC [24]

Answer:

$5,000

Explanation:

Since the payments are due semi-annually and the bond were issued on January 1, 2016 at 100, we will have to calculate the interest cash payments for the two semi-annuals in 2016. Therefore, the interest rate to use is the full annual 5% stated rate. Therefore, we have:

Interest cash payment = Bond face value × Interest rate

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Interest cash payment = $5,000.

Therefore, the cash interest payments in 2016 is $5,000.

4 0
4 years ago
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