Which of the Following Statements About Group Decision Making Improves

question 14

Multiple Choice

Which of the following statements about group decision making improves the chances that the decision will be implemented successfully?

• A) More information is available when several people are making the decision.
• B) Different approaches to solving the problem are available.
• C) People who participate in a group discussion are more likely to understand why the decision was made.
• D) Group discussion provides an opportunity for intellectual stimulation.
• E) A single group member can dominates the discussion.

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Definitions:

Network Effects

The phenomenon whereby a product or service gains additional value as more people use it.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the average cost per unit of output decreases with increasing scale.

Monopolist

A sole provider of a particular good or service in a market, possessing the power to control prices and exclude competition.

Price Maker

A firm or entity that has significant control over the price of the goods or services it provides, due to lack of competition.