The Decision Mode in Which All Members Agree (At Least

question 21

Multiple Choice

The decision mode in which all members agree (at least to some extent) is known as

• A) consensus.
• B) yes-yes.
• C) concurrence.
• D) complementarity.

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Definitions:

Capital Goods

Long-term assets such as machinery, buildings, and equipment used by businesses to produce goods and services.

Economic Development

The process through which a nation improves the economic, political, and social well-being of its people.

Saving and Investment

The act of setting aside income for future use and the use of those savings for purchasing capital goods or financial assets.