The Potential Disadvantages of Group Decision Making Include Which of the Following

question 48

Multiple Choice

The potential disadvantages of group decision making include which of the following?

• A) Individual team members may feel pressure to conform to the wishes of others.
• B) Minority domination may occur.
• C) Decision making takes longer.
• D) None of the options listed
• E) All of the options listed

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Definitions:

Labor Market

A marketplace or environment where workers seek employment and employers seek to hire workers, based on wage rates, demand, and supply of labor.

Economic Rent

A payment to a factor of production (such as land, labor, or capital) in excess of what is necessary to keep that factor in its current use.

Equilibrium Wage

A market-determined wage rate where the intentions of workers and employers align, leading to an agreed-upon employment level.

Competitive Labor Market

A market where there are many employers and job seekers, leading to wages being determined by supply and demand.