SCENARIO 9-2 You Know That the Decision on Which New Product to Product

question 28

Multiple Choice

SCENARIO 9-2
You know that the decision on which new product to produce must have widespread acceptance and be of the highest quality.Having reviewed the literature,you decide that this decision needs to be made by a group of your best managers.

-Referring to SCENARIO 9-2,if you wanted managers to meet face to face and pool their judgments in a systematic but individual manner,which type of group decision-making technique would you use?

• A)interacting groups
• B)brainstorming
• C)nominal groups
• D)electronic meetings
• E)task groups

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Definitions:

Simple Interest

A method to calculate the interest charged on a loan, based on the original principal amount, the rate of interest per period, and the number of time periods.

Discounted

Refers to the process of determining the present value of a future amount of money or stream of payments, considering a specific interest rate.

Registered Retirement Savings Plan

A government-approved program in Canada that enables residents to save for retirement on a tax-deferred basis.

Fixed Monthly Payments

Regular, unchanging payments made each month for a period of time, often used in loans and lease agreements.