A Group Decision-Making Approach Developed by the Rand Corporation for Use

question 34

Multiple Choice

A group decision-making approach developed by the Rand Corporation for use in situations where group members are unable to meet face to face is

• A) electronic brainstorming.
• B) the nominal group technique.
• C) the Delphi technique.
• D) the freewheeling technique.
• E) computer-mediated analysis.

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Definitions:

Direct Labor Rate

The hourly wage paid to workers who are directly involved in the production of goods or services.

Standard Cost

A predetermined cost of manufacturing, selling, or any other operation under normal conditions.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of units during a specific period under normal conditions.

Budgeted Cost

An estimate of expenses or costs that are planned for a specific period in the future.