Which of the Following Is True for Group Decision Making

question 143

Multiple Choice

Which of the following is true for group decision making?

• A)Group decision making is faster than individual decision making.
• B)Groups often perform lower than the best individual in the group.
• C)Groups make it easier to achieve accountability for decisions.
• D)Groups generate fewer ideas than individuals.

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Definitions:

Interest Rate

The percentage at which interest is charged or paid on borrowed or saved money, often influencing economic activity.

Time Preference

An individual's preference for receiving goods or services sooner rather than later, reflecting the value of future goods as compared to present goods.

Money Rate

Typically refers to the interest rate, which is the cost of borrowing money, or the return on investing money, expressed as a percentage.

Real Rate

The interest rate adjusted for inflation, reflecting the real cost of funds to the borrower and the real yield to the lender.