Answer the following statements true (T) or false (F)
1. A disadvantage of group-aided decision making is that groups tend to suppress an individual's intellectual stimulation and creativity.
2. The tendency for group members to agree for the sake of unanimity and thus avoid accurately assessing the decision situation is called satisficing.
3. Where time is of the essence, in most cases an individual should make the decision rather than a group.
4. Smaller-sized groups make higher-quality decisions.
1. FALSE
Groups have an advantage in intellectual stimulation. A group of people can brainstorm or otherwise bring greater intellectual stimulation and creativity to the decision-making process than is usually possible with one person acting alone.
2. FALSE
Groupthink occurs when group members strive to agree for the sake of unanimity and thus avoid accurately assessing the decision situation. Here the positive team spirit of the group actually works against sound judgment.
3. TRUE
Groups take longer to make decisions. Thus, if time is of the essence, you may want to make the decision by yourself. Faced with time pressures or the serious effect of a decision, groups use less information and fewer communication channels, which increases the probability of a bad decision.
4. TRUE
One characteristic of a group is that its size affects the decision quality. In general, the larger the group, the lower the quality of the decision.
You might also like to view...
Information as to which databases are required for a new system can be obtained from the entity relationship diagram
Indicate whether the statement is true or false
What are some of the steps you should take to ensure the success of an interview?
What will be an ideal response?
Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Stockton Company Adjusted Trial Balance For the Year ended December 31, 2010 Cash $ 6,030 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1,100 Accounts Payable 1,900 Notes Payable 4,200 Bob Steely, Capital 12,940 Bob Steely, Withdrawals
790 Fees Earned 8,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28,890 $28,890 Determine the net income (loss) for the period. A) Net Income $2,390 B) Net Loss $790 C) Net Loss $5,570 D) Net Income $3,180
Clarion Corporation provided the provided the following partial list of account balances for Year 2:Net income was $100,000 for Year 2.Required: Prepare the financing activities section of the statement of cash flows.
What will be an ideal response?