Your Organisation Is Considering the Use of Team Decision Making

question 79

Multiple Choice

Your organisation is considering the use of team decision making.You have read extensively the literature on decision making and are trying to inform your manager about the advantages and disadvantages of group decision making. You should expect a weakness of group decision making to be:

• A)more time will be used to make the decision.
• B)less complete knowledge.
• C)the decision will probably be a lower quality decision.
• D)employees will be less accepting of the group decision.

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Definitions:

Graphically Depict

To represent data or information visually using charts, graphs, or other pictorial forms.

Deadweight Loss

The loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved or is distorted by external intervention.

Taxation

The process by which governments charge fees on individuals and corporations to finance government spending and activities.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different groups of consumers.