COST ACCOUNTING
INFORMATION FOR DECISION MAKING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
faster decisions
|
|
more ethical decisions
|
|
less confusion
|
|
more information
|
Detailed explanation-1: -Group decision making has the advantages of drawing from the experiences and perspectives of a larger number of individuals. Hence, they have the potential to be more creative and lead to a more effective decision. In fact, groups may sometimes achieve results beyond what they could have done as individuals.
Detailed explanation-2: -Group decision making has the advantage of drawing from the experiences and perspectives of a larger number of individuals. More ideas might be generated by a group than by an individual working alone. Hence, a group may have the potential to be more creative and lead to more effective decisions.
Detailed explanation-3: -It has widely been accepted that aggregating group-level decisions is superior to individual decisions. As compared to individuals, groups tend to show a decision advantage in their response accuracy.
Detailed explanation-4: -Answer: the answer will be It provides opportunity for participation by individual representing different interests.