The Quickest Decision-Making Method Is

question 83

Multiple Choice

The quickest decision-making method is:

• A) Averaging individuals' opinions
• B) Decision by authority
• C) Decision by majority vote
• D) Decision by consensus

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Definitions:

Multiplier

In economics, it refers to the factor by which gains in total output are greater than the change in spending that caused it, often associated with fiscal policy.

Interest-earning Assets

Assets owned by a person or corporation that generate interest income.

Rate of Interest

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Households

Units in an economy consisting of one or more people who live in the same dwelling and share meals or living accommodation, and may consist of a single family or some other grouping of people.