Consider Using the Decreasing Options Technique (DOT)when

question 13

Multiple Choice

Consider using the Decreasing Options Technique (DOT) when

• A)the group is small,with no more than seven members.
• B)members cannot generate many ideas or solutions.
• C)the group wants to hear from expert and influential members.
• D)the group wants to ensure equal opportunities for input by all members.
• E)the group has plenty of time to discuss multiple or controversial ideas.

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Definitions:

Marginal Revenue Product

The additional revenue generated by employing one more unit of a factor of production, keeping all other factors constant.

Wage Rate

The amount of money workers are paid per unit of time, usually specified in terms of an hour, representing compensation for labor services.

Employment

The condition of having paid work or being engaged in a productive activity.

Marginal Revenue Product

The additional income produced by one more unit of input, such as labor or capital, in the production process.