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A company is deciding if it should design a product in-house or outsource the design. If outsourced, the cost for a low bidder would be $40,000, and the cost for an expensive bidder would be $100,000

To design in-house would require overtime for an already stretched design team with total costs of $70,000. If all three designs (in-house, low bid, high bid) are equal in quality and the likelihood of finding a low bidder is 60% (meaning that 40% of the time the firm will have to hire the expensive bidder), should the company outsource design or do it in-house?

Which of the following is true about group decision making?

A) Groups tend to foster equal participation in decision making. B) The pressure to conform is low when working in groups. C) Groups take more time to arrive at a decision. D) Groups usually make decisions based on incomplete information.