A Unanimity Rule for Collective Decision Making Has the Disadvantage

question 14

Multiple Choice

A unanimity rule for collective decision making has the disadvantage of _____.

• A)accepting too many inefficient outcomes
• B)high decision-making costs
• C)not clearly being a Pareto improvement
• D)increasing external costs

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Definitions:

High Turnover

A situation where an organization or industry experiences a high rate of employees leaving and needing to be replaced within a certain period.

Strategic Competitiveness

The ability of an organization to formulate and implement strategies that secure a sustainable competitive advantage in the market.

Threaten

To express intention to cause harm or take adverse action against someone in order to induce them to do or abstain from doing something.

Affirmative Action Programs

Policies designed to increase the employment opportunities for minorities and other underrepresented groups by taking positive steps to hire them.