The Intuitive Appeal of Teams as Effective Means of Improving

question 18

Multiple Choice

The intuitive appeal of teams as effective means of improving performance in business and organizational settings,despite the relative lack of definitive evidence supporting their utility,is known as

• A)groupthink.
• B)the Abilene paradox.
• C)the assumed wisdom of crowds.
• D)trust in numbers effect
• E)the romance of teams.

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Definitions:

Quantity Demanded

The amount of a product or service consumers are willing and able to buy at a particular price.

Money Income

Refers to the total amount of monetary earnings or receipts accruing to an individual or entity over a period, including wages, salaries, benefits, and income from investments.

Income Effect

The variation in a person's or an economy's earnings and its effect on the amount of a product or service that is requested.

Money Income

The total amount of monetary earnings or receipts accruing to an individual or household over a specified period of time.