In the Nominal Group Technique of Decision Making,after All the Members

question 40

Multiple Choice

In the nominal group technique of decision making,after all the members have discussed the ideas,they ________.

• A)discuss their ideas one-to-one with the group leader
• B)present their personal views on each of the ideas discussed
• C)write down each idea on the board for all the other members to refer to
• D)vote by a secret ballot to support their favorite idea
• E)adopt and implement the most cost-effective idea

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Definitions:

Marginal Product

The additional output that is produced by adding one more unit of a specific input while holding all other inputs constant.

Market Wage

The prevailing wage rate paid for a specific job in the labor market, determined by the supply and demand for that type of labor.

Market Price

The going rate at which an asset or service can be acquired or disposed of in a certain market.

Marginal Product

The additional output gained by employing one more unit of a specific input, holding all other inputs constant.