Which of the Following Statements Is a Group Decision-Making Liability

question 65

Multiple Choice

Which of the following statements is a group decision-making liability?

• A) People can feel social pressures to conform to an emerging norm.
• B) One person can dominate the decision group.
• C) Group decision making takes time, making it ill suited for certain types of problems.
• D) Each statement is a group decision-making liability.

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Definitions:

Bidding Down

The process where the price of an item, service, or contract decreases due to competitive bidding, for example, in auctions or procurement processes.

Particular Product

A specific item or good that is produced and available for sale or distribution.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Pure Monopoly

A market structure where a single firm is the sole producer of a product or service without close substitutes, controlling the entire supply.