The Potential for Conflict in Group Decision Making LEAST LIKELY

question 123

Multiple Choice

The potential for conflict in group decision making LEAST LIKELY arises from ________.

• A) the differences in the knowledge, skills, and expertise of group members
• B) members viewing and responding to opportunities or problems in different ways
• C) group members advocating alternatives that promote their self-interests
• D) similar backgrounds in education and experience shared by group members

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Definitions:

Accidents

Accidents are unplanned events that can cause damage, injury, or loss, often stemming from unforeseen circumstances or negligence.

Adverse Selection

A situation in insurance and finance where higher-risk individuals are more likely to apply for or select a particular service, leading to potential losses for the insurer or lender.

Hidden Actions

Pertains to situations in principal-agent relationships where agents' specific actions are not observable by the principal, leading to a moral hazard.

Hidden Information

Information that is not known to one party in a transaction, which can lead to an imbalance of power or adverse selection.