The Delphi Method

question 6

Multiple Choice

The Delphi method:

• A) employs interaction among experts in the hope that resulting forecasts embody all available objective and subjective information.
• B) can be influenced by the forceful personality of one or a few key experts.
• C) employs an independent party to elicit a consensus opinion.
• D) assumes that several experts arrive at forecasts that are inferior to those that individuals generate.

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Definitions:

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, typically repayment of a debt.

Accommodation Surety

A guarantor who agrees to be responsible for someone else's debt or obligation without receiving any benefit.

Bonding Company

A company that provides financial assurance to a third party through a bond, guaranteeing the performance of an individual's or company's obligations.

Right of Reimbursement

The legal right to be compensated or repaid for costs, expenses, or losses that have been incurred on behalf of another party or as a result of certain conditions being met.