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SCENARIO 12-2 Your Organization Is Considering the Use of Group

question 71

Multiple Choice

SCENARIO 12-2 Your organization is considering the use of group decision making.You have read extensively in the literature and are trying to inform your manager about the advantages and disadvantages of group decision making.
You have observed that the group tends to arrive at consensus very quickly and you know that the group is very cohesive.You conclude that they may be suffering from


Definitions:

Produced

Refers to goods or services that have been created as a result of a manufacturing or production process.

Coase Theorem

An economic theory proposing that under conditions of no transaction costs, parties can negotiate and arrive at efficient resource allocation and solution to externalities regardless of initial property rights allocation.

Number Of People

A quantitative measure of the people involved or affected in a particular context.

Positive Externalities

Benefits that are enjoyed by a third-party or society as a result of an economic transaction.

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