Answer:
yes i think so. dont be mad if its wrong
In international trade, an exchange rate is a number that is used to show the value of one currency compared to another.
Answer: When the mind is unbiased
Explanation: Making rational decisions requires one to be unbiased either as a result of religious, racial or gender influence. It also requires one to be in the right frame of mind at the time of making the decision. Emotional decisions could occur if one's judgment is influenced by religious, cultural or social inclination or sympathy towards a particular group. It could also stem from one's present state of mind at the time the judgment is passed, hence making one's judgment more of emotional than rational.
In other to make rational decisions one should be in the right frame of mind, free from external influences which could induce bias into one's decision.
The process wherein it involves the circulation of questionnaires among the group members about a specific problem that they want to tackle is termed as the Delphi Technique. The group members should share the results within the circle then they should continue to recirculate and refine individual responses until a consensus regarding the problem is reached.
Having the direct opposite technique with the nominal group technique or the brainstorming, Delphi technique does not require group members to meet face to face.
These are the steps in taking the Delphi technique. The first step is identifying the problem. Next is, the group members shall then be asked to offer their solutions anonymously. They should answer the carefully designed questionnaires. Third, all the answers of all the members are then compiled and are also sent to all members in the group. After each of the members has already carefully evaluated each of the group member’s answers, they are then asked to generate new individual solutions. Lastly, until a consensus problem solution is arrived, steps 3 and 4 will be done repeatedly.
The advantage of practicing the Delphi technique is they do not have to meet face to face. This is important to those members who are geographically separated or to those who are too busy to meet.
