ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Before writing his article about future trends in the auto industry, Christopher sent survey instruments or questionnaires to experts in the auto industry. This decision-making technique is referred to as the ____ technique.
A
Delphi
B
devil’s advocacy
C
brainstorming
D
nominal group
E
dialectical inquiry
Explanation: 

Detailed explanation-1: -dialectical inquiry. Before writing his article about future trends in the auto industry, Christopher sent survey instruments or questionnaires to experts in the auto industry.

Detailed explanation-2: -Synectics: This technique of decision-making was developed by William J.J. Gordon in 1944. He termed the technique synectics, a Greek derivation which means fitting together different, distinct, novel and irrelevant ideas. Its purpose is to increase the creative output of individuals and groups.

Detailed explanation-3: -What is a Delphi technique example? An example of the Delphi technique would be when a team of medical experts is hired to advise on whether a drug would be effective to treat a particular class of diseases. They’re each asked to anonymously give their opinion about it and then get to see what the others said.

Detailed explanation-4: -There are four characteristic features of the Delphi technique that distinguish it from other group decision making processes. These are: anonymity, iteration with controlled feedback, statistical group response, and expert input.

Detailed explanation-5: -By using the Delphi techniques the experts was able to focus on rating, revising, and commenting on the items presented without the distractions normally associated with more traditional face to face meeting in get consensus of concept mapping and Multiple Choice Questions (MCQ).

There is 1 question to complete.