A Team Is Trying to Decide the Price for a New

question 5

Multiple Choice

A team is trying to decide the price for a new product. First, they all make their own personal estimates of what the product should cost. Then, they compile these estimates to come up with a final value that is roughtly in the middle of their estimates. This team is using what process of decision-making?

• A)averaging
• B)zero-sum
• C)consensus
• D)delegating

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society feel uncomfortable with ambiguity and uncertainty.

Ambiguity

The quality of being open to more than one interpretation; lack of definiteness or clarity.

Assertiveness

A communication style characterized by confidently expressing one’s thoughts, feelings, and needs directly and respectfully.

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience, often manifesting as bias or discrimination.