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SIZIF [17.4K]
3 years ago
15

Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making. Which of the fol

lowing are advantages of group decision making? Check all that apply.
Equality bias, which causes individuals to treat all group members as equally competent.
The process takes longer than individual decision making, so it is costlier. More alternatives are likely to be generated.
More acceptance of the final decision is likely.
Business
1 answer:
Andrei [34K]3 years ago
3 0

Answer:

Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.

It has several advantages, some of them are pointed out below:

o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.

o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.

o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.

o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.

Hope this helps you. Good Luck.

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The correct answer is D: neither frictional nor structural unemployment

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Structural unemployment is a form of unemployment where, at a given wage, the quantity of labor supplied exceeds the quantity of labor demanded because there is a fundamental mismatch between the number of people who want to work and the number of available jobs. It is generally considered to be one of the “permanent” types of unemployment, where improvement if possible, will only occur in the long run.

Structural unemployment is a longer-lasting form of unemployment <u>caused </u>by fundamental shifts in an economy and exacerbated by extraneous factors such as technology, competition, and government policy. The unemployed workers may lack the skills needed for the jobs, or they may not live in the part of the country or world where the jobs are available. Structural unemployment can last for decades and may need radical change to redress the situation.

<u>There is not a direct link between unions and structural unemployment. The main causes are economy shifts, lack of preparation, competiton (for example, factories moving overseas), government policy,  technology shifts, etc.</u>

Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. It can be voluntary based on the circumstances of the unemployed individual. Frictional unemployment exists because both jobs and workers are heterogeneous, and a mismatch can result between the characteristics of supply and demand. Such a <u>mismatch can be related to skills, payment, work-time, location, seasonal industries, attitude, taste, and a multitude of other factors.</u>

There is always at least some frictional unemployment in an economy. Economists accept that some frictional unemployment is okay because both potential workers and employers take some time to find the best employee-position match.

<u>There is no direct contribution that unios made to generate or increase frictional unemployment. It causes are found in the description above.</u>

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hen a monopolist is able to sell its product at different prices, it is engaging in a. distribution pricing. b. quality-adjusted
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Price discrimination is charging customers differently for the same product.

Price discrimination is a type of selling strategy where customers are charged for same goods and services. The seller charges based on what they think that the user is likely to pay.

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