ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
One advantage of group decision making is that it usually provides ____ than individual decision making.
A
faster decisions
B
more ethical decisions
C
less confusion
D
more information
Explanation: 

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.

There is 1 question to complete.