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Watch the Groupthink video, and explain why the concept of "groupthink" doesn't necessarily have a positive connotation. Describe what groupthink refers to, and discuss the conditions that must be present in order for this process to occur. What are the characteristics of groupthink, and what are the potential consequences of the group's decision making process? Your textbook provides a few historical examples of when groupthink led our country in the wrong direction. Can you offer a current example of this - perhaps from the perspective of pop culture?
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Two measures of horizontal analysis-for example, compute the total change in assets by percentage, by dividing current assets in 2005 by current assets in 2004. Compute a similar percentage for current liabilities.
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