Standing Committee Members of Congress Are Framing a Bill and They

question 28

Multiple Choice

Standing committee members of Congress are framing a bill and they require opinions on the bill before they present it to Congress. They have a deadline, therefore the members decide to prepare a questionnaire and send it across to various experts for opinion. They were able to make a decision after the fourth round of questions. What is this method of problem solving called in which the results from one round of questions dictate the questions for the next round?

• A) Delphi technique
• B) Nominal group technique
• C) Reflective thinking
• D) Individual evaluation

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Definitions:

Profitability Index

A financial metric used to evaluate the profitability of an investment, calculated as the present value of future cash flows divided by the initial investment cost.

Incremental Annual Revenues

The additional revenue generated from a specific action or decision, measured on an annual basis.

Scrap Value

The estimated resale value of an asset at the end of its useful life, typically associated with machinery, equipment, or vehicles.

Payback Period

The length of time required to recover the cost of an investment or project from its cash flows.