The finance team of a company conducts a meeting to discuss the worthiness of investing its funds in the local share market. Although most of the team members support the idea, one member, Mikhail, feels that the proposed investment is risky as the stock prices of many companies in the market has been erratic. However, Mikhail does not voice his opinion fearing that his dynamics with the team would be affected. This scenario illustrates the concept of _____.
A) groupthink
B) reverse psychology
C) apophenia
D) conservative bias

Question

Quizplus · Accepted Answer

This scenario illustrates the concept of groupthink, as one member is hesitant to express their differing opinion for fear of upsetting the dynamics of the team. This can lead to a lack of critical thinking and consideration of alternative viewpoints, ultimately affecting the decision-making process.

The Finance Team of a Company Conducts a Meeting to Discuss