ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A decision making technique that uses a face-to-face group to spontaneously syuggest a broad range of alternatives for decision making is called
A
devil’s advocate
B
brainstorming
C
point-counterpoint
D
6-3-5
Explanation: 

Detailed explanation-1: -Brainstorming uses a face-to-face interactive group to spontaneously suggest a wide range of alternatives for decision making.

Detailed explanation-2: -Brainstorming is a group problem-solving method that involves the spontaneous contribution of creative ideas and solutions. This technique requires intensive, freewheeling discussion in which every member of the group is encouraged to think aloud and suggest as many ideas as possible based on their diverse knowledge.

Detailed explanation-3: -Brainstorming is among the various techniques of decision-making that proves beneficial when there are no clear options in sight. Under this technique, all group members get together to find options through discussion and debate.

Detailed explanation-4: -Group decision-making is a process where a group of individuals collectively make a decision. The decision is usually reached through discussion and consensus. This type of decision-making is often used in business settings, as it allows for multiple perspectives to be considered before a final decision is made.

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