The Delphi Method of Forecasting Is Faster Than Brainstorming Sessions

question 19

True/False

The Delphi method of forecasting is faster than brainstorming sessions, and may help to reduce the problem of groupthink.

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Definitions:

Marginal Benefits

The additional benefits or advantages gained from an increase in an activity or the consumption of a good or service.

Flood-Control Projects

Initiatives and constructions undertaken to manage and prevent flooding in vulnerable areas, typically involving barriers, dams, and water diversion systems.

Spillovers

Refers to the impact that an economic activity has on unrelated third parties, which can be either positive or negative.

Marginal Cost

The financial outlay required to produce one more unit of a product or service.