Sometimes in a Brainstorming Session, Group Members Cannot Simultaneously Make

question 32

Multiple Choice

Sometimes in a brainstorming session, group members cannot simultaneously make sense of all the alternatives being generated, think up additional alternatives, or remember what they were thinking. This problem is known as

• A)production blocking.
• B)groupthink.
• C)nominal group problem.
• D)bounded rationality.

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Definitions:

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Selling Price

The amount of money for which something is sold or offered for sale to a buyer.

Marked Down

A reduction in the price of goods to stimulate sales or clear out inventory.

Operating Expense

Operating expense includes all necessary expenditures that a business incurs as a result of performing its normal business operations, excluding the cost of goods sold.