When a Group Uses the Nominal Group Technique (NGT)method

question 62

Multiple Choice

When a group uses the nominal group technique (NGT) method

• A) ideas, along with their authors, are posted for all to see.
• B) evaluation of ideas is conducted orally.
• C) each member privately rank-orders the ideas that have been posted.
• D) the final decision is made by majority rule.

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Definitions:

Notes Payable

Short-term or long-term liabilities representing borrowed funds that must be repaid to the creditor, typically with interest.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, often related to loans or credit.

Journal Entry

A record in the accounting journals that details a financial transaction and its effect on account balances.

FICA Social Security

A U.S. government program funded through payroll taxes that provides benefits to retirees, disabled individuals, and survivors.