Your Organization Has Recently Started Using Group Decision Making

question 103

Multiple Choice

Your organization has recently started using group decision making. You are most likely to observe that ________.

• A) group decision making is slower than individual decision making
• B) group decision making leads to decreased acceptance of the solution
• C) groups generate less information and knowledge than individuals
• D) group decisions are less creative than individual decisions
• E) group decisions are more accurate than the judgments of the most accurate individual in the group

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Definitions:

Market Failure

The inability of a market to bring about the allocation of resources that best satisfies the wants of society; in particular, the overallocation or underallocation of resources to the production of a particular good or service because of externalities or asymmetric information, or because markets fail to provide desired public goods.

Producer

An individual, company, or entity that creates goods or services to satisfy consumer demands.

Consumers

Individuals or entities that purchase goods and services for personal use or consumption.

Pay

Pay denotes the salary or wages received by a worker as compensation for their labor or services to an employer.