Questionnaires are sent to a select group of experts, whose responses are collated and reviewed, and then a summary is returned to the group with a follow-up questionnaire. Again, the experts provide their answers. The process continues until the group agrees on a common answer and a decision is reached. This describes the process of which type of team decision-making?
A. rational decision-making technique
B. Delphi technique
C. nominal group technique
D. brainstorming
B. Delphi technique
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Which of the following is a disadvantage of smaller groups?
A. Unfair work distribution B. Autocratic leadership C. Lower morale D. Tendency to form cliques E. Tendency to take unreasonable risk
To combat business challenges, leaders communicate and execute business strategies (from the Greek word stratus for army and ago for leading).
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. There are three parties to a check: the depositor, the maker, and the bank. 2. In addition to the account number, a check shows the 9-digit routing number. 3. The bank statement reports the activity in the customer's account and is issued on an annual basis. 4. The bank statement shows the beginning and ending balances of cash in a bank account, cash receipts and payments, and the names of all individuals who are authorized to sign checks. 5. Banks must return physical copies of the maker's canceled checks.
Assume that three automobile manufacturers all merged into one car company. Such a merger would be a:
a. vertical merger. b. vertical cooperative arrangement merger. c. horizontal merger. d. intracompetitive merger.