Which of the following statements is true regarding group decision making?
A) If creativity is important then individuals tend to be more effective than groups.
B) Group decision making tends to decrease the acceptance of the solution.
C) Group decisions are typically less time consuming than individual decisions.
D) Group decisions are generally less accurate than the decisions of the average individual in a group.
E) Groups generate more complete information and knowledge than individuals.
E
Explanation: E) Group decisions are time consuming because groups typically take more time to reach a solution. Group decisions are generally more accurate than the decisions of the average individual in a group. If creativity is important, groups tend to be more effective. Groups lead to increased acceptance of a solution. Groups generate more complete information and knowledge than individuals.
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All of the following countries are part of NAFTA except:
A. Argentina. B. Canada. C. the United States. D. Mexico.
If the dollar, the yen, or the euro becomes seriously overvalued, a company with a production capacity in other locations can achieve competitive advantage by:
A) buying different currencies before major fluctuations take place. B) conducting transactions in different currencies of the world. C) shifting production among different sites. D) cutting down production and waiting until the currency rate is reasonable. E) reducing production and labor force simultaneously.