The Primary Difference Between the Nominal Group Technique and the Delphi

question 15

Multiple Choice

The primary difference between the nominal group technique and the Delphi technique is that .

• A)the nominal group technique includes meeting face-to-face, whereas the Delphi technique shares ideas in writing or via email.
• B)the nominal group technique allows for the evaluation of ideas, whereas there is no evaluation in the Delphi technique.
• C)the Delphi technique must involve computers, whereas the nominal group technique requires face-to-face communication.
• D)the Delphi technique requires an outside facilitator, whereas the nominal group does not.

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.

Equilibrium Quantity

The amount of goods or services that are bought and sold at the equilibrium price, where market demand meets market supply.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and able to spend on a good or service and what they ultimately pay.

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.