Which of the Following Statements Is False About the Nominal

question 124

Multiple Choice

Which of the following statements is false about the nominal group technique?

• A) Group members publicly vote on the ideas generated.
• B) In the early stages of the process, there is no verbal interaction.
• C) Because there is no interaction, one person cannot dominate the conversation.
• D) The nominal group technique generates a large amount of information about a problem.

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Definitions:

Long-Run Industry

A period in which all factors of production and costs can be variable, allowing for adjustment to changes in market conditions.

Zero-Profit Equilibrium

A situation where a firm's total revenues exactly equal its total costs, resulting in no economic profit.

Entry

The act of entering or moving into a market or area of business to start operations or activities.

Constant-Cost Industry

An industry where the input costs remain constant irrespective of changes in the overall output level.