If a Large Collection of Diverse Individuals Is Likely to Contain

question 11

Multiple Choice

If a large collection of diverse individuals is likely to contain either a single superior solution to a problem,or on average,the collection will be correct,what would be an appropriate approach to decision making?

• A)evidence-based management
• B)crowdsourcing
• C)big data
• D)analytics
• E)stimulate controversy

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Definitions:

Economic Events

Transactions and occurrences that have a direct impact on the financial position and performance of a company, including both internal and external activities.

Sole Proprietorship

A business structure where an individual owns the company and is personally responsible for its debts.

Relevant Accounting Information

Information that is capable of making a difference in the decision-making process by being timely and having predictive and/or feedback value.

Operating Cycle

The period of time it takes for a company to purchase inventory, sell products, and collect cash from customers.