Which of the Following Is True for Group Decision Making

question 143

Multiple Choice

Which of the following is true for group decision making?

• A)Group decision making is faster than individual decision making.
• B)Groups often perform lower than the best individual in the group.
• C)Groups make it easier to achieve accountability for decisions.
• D)Groups generate fewer ideas than individuals.

---

Definitions:

Pure Monopoly

A market structure in which one firm sells a unique product, into which entry is blocked, in which the single firm has considerable control over product price, and in which nonprice competition may or may not be found.

R&D

Research and Development, which refers to the activities companies undertake to innovate and introduce new products or services.

Innovation

The process of creating new ideas, products, or methods that bring something novel to the market or society.

Marginal Utility

The additional contentment or value obtained by consuming one more unit of a good or service.