DuringPhase 1(Idea Generation)ofNominalGroup Technique

question 78

Multiple Choice

DuringPhase 1(Idea Generation) ofNominalGroup Technique,

• A)members explain their support or nonsupport for each item.
• B)members,in turn,present one idea from their privately written list.
• C)members discuss the merits of each idea before voting occurs.
• D)members vote by ranking or rating ideas privately and in writing.
• E)the group decision is the mathematically pooled outcome of members' individualvotes.

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Definitions:

Tax

An obligatory financial obligation or other form of levy placed on a taxpayer by a government agency to fund government operations and diverse public spending.

Price Paid

Price paid refers to the actual amount of money exchanged for the acquisition of a good or service.

Tax

Tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive.