A Decision Maker Holds a Meeting to Get Everyone's Agreement

question 36

Multiple Choice

A decision maker holds a meeting to get everyone's agreement on a system for deciding how to make a lunch schedule. This is an example of an) _________ decision method.

• A) groupthink
• B) authority
• C) consultative
• D) team
• E) minority

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Definitions:

Farming

The activity or business of growing crops and raising livestock for food, fiber, and other products.

Marginal Product

The additional output that is generated by employing one more unit of a particular input, holding other inputs constant.

Units of Output

The amount of product that a company produces in a given period.

Workers

Individuals engaged in any form of economic activity to earn a wage or salary, including both skilled and unskilled labor.