Your Organization Has Recently Started Using Group Decision Making

question 92

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:

Federal Mandate

A requirement or order from the federal government that state or local governments, or private parties must follow, often with accompanying funds.

Income Taxes

Taxes levied by governments on individuals or businesses based on their net income or profit.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded, resulting in market stability.