Identify the advantages and disadvantages of group decision making.
What will be an ideal response?
Advantages include: greater pool of knowledge, different perspectives, intellectual stimulation, better understanding of decision rationale by participants, and deeper commitment to the decision by participants.
Disadvantages include: risks of a few people dominating, groupthink, satisficing, goal displacement, slower decisions, and overconfidence.
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An account in the chart of accounts has the number 7111 . Which of the following does the 7 likely represent?
a. Revenues b. sales region c. merchandise sales d. golf merchandise sales
Antique Works is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors
The data are as follows: Sales price per unit $800 Variable cost per unit 470 Fixed costs per month 8,580 If Antique expects to sell 40 units per month, what is his margin of safety expressed in units per month? A) 14 units B) 40 units C) 66 units D) 12 units
Documentation submitted to the Department of Justice for review under the FCPA is considered confidential and sensitive to national security
Indicate whether the statement is true or false
Harry is a cynical character who thinks life is rigged against "the little guy." He says whenever you want to buy something these days, there are only a few stores that offer virtually the same thing and they basically run the table
Which industry does NOT fit Harry's definition? A) airlines B) automobiles C) power utilities D) soft drinks E) health insurance