Groups Make Better Decisions Than Individuals Because

question 30

Multiple Choice

Groups make better decisions than individuals because

• A) They facilitate higher motivation to achieve
• B) They lower the level of responsibility for implementing the decision
• C) Individuals who are afraid to fail on their own feel more secure in the group
• D) They polarize individual thinking

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Definitions:

Regulatory Capture

A situation where regulatory agencies are dominated by the industries or interests they are charged with regulating, often leading to decision-making that benefits the industry at the expense of the public interest.

Regulatory Agency

An agency, commission, or board established by the federal government or a state government to control the prices charged and the services offered by a natural monopoly or public utility.

Rivalry

The characteristic displayed by certain goods and services that consumption by one person precludes consumption by others.

Buys

The act of acquiring goods or services in exchange for money.