Groupthink refers to

A) the willingness of individual group members to withhold contrary or unpopular opinions,even when those objections are legitimate,and to favor majority opinion.
B) the four-step decision-making process in groups.
C) software programs that help groups make decisions.
D) the basic rules that underlie a group's behavior and guide the group to make its decisions.

Circular reasoning is a logical fallacy that involves

A) reducing a wide range of choices to a simple "either/or" scenario.
B) using irrelevant evidence to support your argument.
C) trying to support a claim by restating it in different words.
D) attacking an opponent's character,rather than countering his or her argument.
E) identifying negative outcomes if your argument is not supported.

Which of the following statements is correct?

A) A good goal for a firm's management is maximization of expected EPS.
B) Like corporations, the board of directors for an income trust supervises the operating entity on behalf of unitholders.
C) There is a legal obligation to pay cash distributions for income trusts.
D) Agency conflicts easily arise between shareholders and managers.

Nellie, an individual shareholder enters into a ________ which allows her to transfer share titles to a trustee in exchange for a voting trust certificate.

A) voting trust
B) proxy agreement
C) voting agreement
D) strategy agreement
E) trust sponsorship

The 2010 Health Care Reform Law, also known as "Obamacare," includes a part known as universal coverage which requires everyone to have health insurance. One reason for this is to address the problem of

A) moral hazard.
B) externalities.
C) adverse selection.
D) efficiency losses.

Advertising is a nonpaid form of personal communication about goods, services, or ideas.

According to the text, what are the first three steps to take when using the telephone to arrange an appointment for a face-to-face meeting?

A) Plan your call, state your purpose, and present a brief sales message.
B) State your call purpose, present a brief sales message, and ask for the interview.
C) State your call purpose, ask for the interview, and do not take the first "no."
D) State your call purpose, present a brief sales message, and do not take the first "no."
E) Plan your call, identify yourself and your company, and state the purpose of your call.

Which economist believes all profits are derived from the exploitation of workers?

A) Frank Knight
B) Joseph Schumpeter
C) Karl Marx
D) John Maynard Keynes