SCENARIO 9-1 Your Organization Is Considering the Use of Teams for Decision

question 93

Multiple Choice

SCENARIO 9-1
Your organization is considering the use of teams for decision making.You have read and studied the topic extensively.Now you are trying to inform your manager about the advantages and disadvantages of group decision-making.

-Referring to SCENARIO 9-1,you should expect a weakness of group decision-making to

• A)be less complete knowledge and information.
• B)be that group decisions are more time-consuming than individual decisions.
• C)be less acceptance of decisions because employees did not personally make the choice.
• D)result in decisions of lower quality because of shared responsibility.
• E)be less diverse in views and opinions.

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents held by an investor or institution.

Standard Deviation

A measure of the dispersion or variability in a set of values, indicating how much the values differ from the mean of the set.

Expected Return

The anticipated return on an investment, taking into account the probabilities of each possible outcome.

Independent

Free from external control and constraint, or in finance, referring to analysis or advice that is unbiased by conflicts of interest.