Nominal Grouping Is the Process Of

question 94

Multiple Choice

Nominal grouping is the process of:

• A) generating novel alternatives through role playing and fantasizing.
• B) generating and evaluating alternatives using a structured voting method.
• C) suggesting many possible alternatives without evaluation.
• D) developing group agreement on a solution to a problem.

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Definitions:

Insurance Payment

A payment made to an insurance company which provides compensation for loss, damage, illness, or death in return for payment of a specified premium.

Circular-Flow Model

A diagram that visualizes the economy as consisting of households and firms interacting in the goods and services markets, and labor markets, showing how money flows through the economy.

Resource Market

A market in which households sell and firms buy resources or the services of resources.

Product Market

A market in which products are sold by firms and bought by households.