Which of the Following Is True of Consensus

question 64

Multiple Choice

Which of the following is true of consensus?

• A) The decision is determined by majority vote.
• B) 100 percent of the group voted for the proposal.
• C) All group members can support the group's decision.
• D) The majority of the group members can support the decision.

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Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, similar products, and easy market entry and exit, leading to efficient outcomes.

Perfect Knowledge

Refers to a market condition where all participants have access to all necessary information to make informed decisions.

Perfect Competition

A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information, leading to price-taking behavior.

Internet

A global network of interconnected computer networks that use the standard Internet protocol suite (TCP/IP) to link billions of devices worldwide.