A Disadvantage of the Delphi Technique Is That ________

question 80

Multiple Choice

A disadvantage of the Delphi technique is that ________.

• A) it wastes the group's time on wildly impractical ideas
• B) it does not provide anonymity to members
• C) members tend to constantly redefine the problem itself
• D) members are highly susceptible to groupthink
• E) members are unable to ask questions of one another

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Definitions:

Marginal Revenue

The additional income that will be generated by increasing product sales by one unit.

Quantity Demanded

The amount of a good or service that consumers are willing to purchase at a given price at a specific time.

Total Revenue

The total receipts from sales of goods or services provided by a company.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, all of whom have full information and the products are homogeneous, leading to no single buyer or seller being able to influence the market price.