Your Organization Is Considering the Use of Team Decision Making

question 18

Multiple Choice

Your organization is considering the use of team decision making. You have read the literature on decision making and are trying to inform your manager about the advantages and disadvantages of group decision making.
-You should expect a weakness of group decision making to be__________ .

• A) decreased risky shift
• B) employees will be less accepting of the group decision
• C) less complete knowledge
• D) the decision will probably be a lower quality decision
• E) more time will be used to make the decision

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Definitions:

Physical Capital

Tangible assets that are used in the production of goods and services, such as machinery, buildings, and equipment.

Nonmonetary Considerations

Factors influencing decisions that are not based on money or financial gain, such as ethical values, social responsibilities, or personal preferences.

Depreciation Rates

The rate at which an asset loses its value over time, often used for accounting and tax purposes to reflect the wear and tear, aging, or obsolescence of physical or intangible assets.

Opportunity Costs

The burden of missing out on the subsequent optimal choice during the selection process.