An Advantage of the Nominal Group Technique Is That ________

question 95

Multiple Choice

An advantage of the nominal group technique is that ________.

• A) it prevents members from questioning the validity of others' ideas
• B) it allows members to know why individuals voted the way they did
• C) it allows members to come up with even wildly impractical ideas
• D) it is suitable for teams whose group members are geographically dispersed
• E) it provides the option of supporting or rejecting an idea without fear of recrimination

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Definitions:

Market Size

An estimate of the total demand for a product or service within a particular market.

R&D Costs

Expenses associated with the research and development activities of a company, typically aimed at developing new products or technologies.

Triangular Distribution

A probability distribution shaped like a triangle, which is used to model variables that have known minimum and maximum values and where the mode can be estimated.

NPV Forecast Chart

An NPV Forecast Chart predicts the Net Present Value over time, helping in assessing the profitability of investments.