COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of the following are positive aspects of group decision making accept
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a group possesses a much wider range of alternatives in the decision process
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the sum total of the groups knowledge is better
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social pressure to conform leads to better decisions
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later, group members will better understand the decision and alternatives considered
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Explanation:
Detailed explanation-1: -Among its advantages, group decision making: Generates more favorable outcomes. Provides broader perspective. Taps creative potential.
Detailed explanation-2: -Several factors influence decision making. Those factors are past experiences, cognitive biases, age and individual differences, belief in personal relevance, and an escalation of commitment.
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