Which of the Following Statements Is True of Group Decision

question 50

Multiple Choice

Which of the following statements is true of group decision making?

• A)There is no pressure within a group to conform and fit in.
• B)It brings more knowledge through the pooling of group member resources.
• C)It requires considerably less amount of time as compared with individual decision making.
• D)There is a decreased acceptance of and commitment to the decision made by a group.

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Definitions:

Present Value

The present-day evaluation of a future financial amount or cash flow streams, using a predetermined rate of return.

Actuarial Information

Data used by actuaries to calculate and assess risks, premiums, liabilities, and retirement benefits, based on statistical and mathematical models.

Bond Issue

A bond issue refers to the process by which a borrower issues bonds to investors in order to raise capital, under specific terms regarding the repayment of the principal and periodic interest payments.

Yield Interest

The interest generated from an investment, usually expressed as an annual percentage of the investment's cost.