In Regards to Decision-Making,the Best Teams

question 65

Multiple Choice

In regards to decision-making,the best teams:

• A)let the smartest person in the group make most of the decisions.
• B)stay together as a group all of the time because they work well together.
• C)take decisions spontaneously,without much discussion.
• D)do not limit themselves to just one decision-making method,using it over and over again regardless of circumstances.
• E)do not encourage exchange of ideas.

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Definitions:

Return on Investment

A measure of performance that evaluates the efficiency or profitability of an investment relative to its cost.

Selling Price

The amount of money a buyer pays to purchase a product or service.

Absorption Costing

An accounting method that includes both variable and fixed manufacturing overhead costs in the cost of a product.

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost.