Which of the Following Statements Does NOT Describe a Characteristic

question 39

Multiple Choice

Which of the following statements does NOT describe a characteristic of the nominal group technique?

• A) Members are not free to talk to one another.
• B) Members individually write down their suggested alternatives.
• C) Alternatives are listed on a flip chart.
• D) The alternative with the most votes is the solution.
• E) Members verbally vote for their first choice.

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Definitions:

Life Insurance

A contractual agreement with an insurance company that provides a lump sum payment, known as a death benefit, to beneficiaries upon the insured person's death, in exchange for premium payments.

Market Failure

A scenario in which the distribution of goods and services through an unregulated market leads to inefficiencies, resulting in a decrease in overall social welfare.

Lost Surplus

Refers to the welfare that is lost to consumers or producers due to market inefficiencies or interventions, such as taxes or price ceilings.

Public Good

A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.