Research Has Shown That Consensus Decisions with Five or More

question 49

Multiple Choice

Research has shown that consensus decisions with five or more participants are superior to _______________.

• A) individual decision making
• B) majority vote
• C) leader decisions
• D) All of the choices are correct.

---

Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher known as the father of classical economics, best known for his works "The Wealth of Nations," which outlines the basis for free market economics.

Invisible Hand

A term used by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interest can lead to beneficial social outcomes.

Buddhists

Followers of Buddhism, a spiritual tradition that focuses on personal spiritual development and the attainment of a deep insight into the true nature of life.

David Hume

A Scottish Enlightenment philosopher, historian, economist, and essayist known for his empirical approach to philosophical questions and skepticism about religion.