Which of the Following Should the Members of a Team

question 62

Multiple Choice

Which of the following should the members of a team do to improve team decision making?

• A) Let the smartest person in the group make most of the decisions.
• B) Ensure unanimity when making any decision so that everyone is fully committed.
• C) Take decisions spontaneously, without much discussion.
• D) Not limit themselves to just one decision-making method for all situations.
• E) Not encourage exchange of ideas to avoid multiple perspectives.

---

Definitions:

Elasticity of Demand

It refers to the responsiveness of the quantity demanded for a product to a change in its price, showing the sensitivity of consumers to price adjustments.

Market Period

A period during which sellers are unable to change quantity offered for sale in response to a change in price.

Quantity Supplied

The amount of a product that producers are willing to supply at a given price.

Elasticity of Demand

This term measures how sensitively the quantity demanded of a good responds to a change in its price; a rephrased definition of Elasticity related to demand.