Which of the Following Is an Advantage of Group Decision

question 146

Multiple Choice

Which of the following is an advantage of group decision making?

• A)Groupthink
• B)Deeper commitment to the decision
• C)Less thought required
• D)A quicker decision
• E)More flexibility in the final decision

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Definitions:

IFRS

International Financial Reporting Standards, which are global accounting standards for preparing financial statements, making it easier to compare entities internationally.

Current Liability

An obligation that a company is required to pay off within the current fiscal year or operating cycle, essentially a rephrased definition of current liabilities.

Bank Indebtedness

A financial obligation or debt owed to a bank by an individual or corporation, usually in the form of loans or lines of credit.

Contingent Liability

A potential financial obligation that may occur depending on the outcome of a future event.