A Decision-Making Technique in Which Group Members Write Down Ideas

question 7

True/False

A decision-making technique in which group members write down ideas and solutions,read their suggestions to the whole group,and discuss and then rank the alternative is known as the Delphi technique.

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Definitions:

ABC

A refined costing method that determines the cost of activities without distortions and allocates costs based on activities that generate costs in specific products and services.

Products

Goods or services offered by a business or manufacturer to consumers for purchase.

Allocated Overhead

The process of distributing indirect costs to various departments, projects, or products based on a certain formula or method.

Activity-based Management

A method of management that focuses on business activities for improving the value received by the consumer and the profit gained by providing this value.