True or False (Principles of Business Mangement)

1. Self-serving bias is a form of attribution error that involves blaming the environment for problems you caused.

2. Groupthink can make it difficult for highly cohesive teams to lose their critiical evaluative capabilities.

3. Social loafing on team is a behavior tolerated by co-workers out of fear of "rocking the boat." Such toleration stems from fear of confrontation.

4. Consensus cannot be achieved on teams, as it is a process that takes too much time. It is a foolish goal that cannot work in American culture.

5. Cost-benefit analysis would be a tool for step 2 of the decision-making process.