To Avoid Groupthink and Minimize Bias, an Organization Can Use

question 87

Multiple Choice

To avoid groupthink and minimize bias, an organization can use ________ to have separate groups of managers propose solutions to a problem before coming together to critique each solution and arrive at an even better option.

• A)production blocking
• B)devil's advocacy
• C)skunkworks
• D)dialectical inquiry
• E)classical decision making

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Definitions:

Homogeneous Oligopoly

A market structure characterized by a few firms selling products that are identical or very similar.

Monopolistic Competition

A market structure characterized by many companies selling products that are similar but not identical, allowing for some differentiation and market power.

Pure Monopoly

A market structure characterized by a single seller who controls the entire supply of a unique product or service, with no close substitutes.

Economic Profits

The surplus remaining after subtracting total costs from total revenues, including both explicit and implicit costs, indicating the profitability of an enterprise beyond basic financial gain.