Group Decisions Tend to Be More Accurate Than Individual Decisions

question 102

True/False

Group decisions tend to be more accurate than individual decisions.

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Definitions:

Earned Revenue

Income a company receives from its business activities, such as sales of goods or services, in contrast to revenue from investments or other sources.

M-form Organization

A type of organizational structure in which a company is divided into semi-autonomous units or divisions, each with its own profit responsibility.

Divisional Conflicts

Disputes or disagreements between different divisions or departments within an organization, often arising from competition for resources, differing objectives, or misaligned incentives.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often based on factors such as risk and benefit.