Individuals usually make higher-quality decisions when compared to groups, provided there is enough time.
Answer the following statement true (T) or false (F)
False
If enough time is available, groups usually make higher-quality decisions than most individuals acting alone. However, groups often are inferior to the best individual.
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Appraisal costs are associated with preventing defects before they happen
Indicate whether the statement is true or false
A task group is
A. set up to satisfy the informal needs of the members in a group. B. also called an organic group. C. formed to carry out a particular function, such as producing or selling goods. D. often disbanded once the objective of the group is achieved.
Former NBA referee Tim Donaghy entered a guilty plea to two federal felony charges in connection with his bets and tips to others on NBA games. Mr. Donaghy picked teams to win in games he was scheduled to referee. Experts have said that Donaghy committed the equivalent of insider trading on Wall Street by providing outsiders with information about games, players, and referees. He got $5,000 from
his tippees for correct picks. Apart from the criminal charges, what category of ethical breach does Mr. Donaghy's conduct fall into? a. Taking what does not belong to you b. Conflict of interest c. Committing interpersonal abuse d. None of the above
Failure to comply with Sections 1 or 2 of the Sherman Act:
A) is a felony and can result in imprisonment. B) may subject an individual to a fine of up to $1 million under the 2004 amendments. C) may subject a corporation to a fine of $100 million per violation. D) All of these.