What are the advantages and disadvantages of group decisions

What will be an ideal response?

Group decisions offer several advantages: a pooling of resources, specialization of labor, and greater acceptance of the decision. Group decisions pose some disadvantages: they are time consuming, they may result in group conflict, and members may be intimidated by the group leaders and therefore may not adequately express their opinions or ideas.

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The following pay survey data were provided for a secretary: 3 employees at $31,500; 5 employees at $32,600, and 2 employees at $33,706 . The weighted average is

(a) $32,600 (b) $32,602 (c) $32,491 (d) $31,500

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The Smithsonian agreement established a fixed exchange rate system

Indicate whether the statement is true or false

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