The advantages of Group decision making are having a greater pool of knowledge, gaining different perspectives, gaining intellectual stimulation, having a better understanding of decision rationale, and having a deeper commitment.
Explanation:
Group decision-making is a kind of collaborative mechanism in which many people act together, discuss problems or circumstances, consider and compare alternative approaches and choose a response or solution from amongst the proposals.
There is a wide range of people in group policy making, but sometimes from two to seven. People in a group might be similar or very diverse in demographics. Decision-making committees may be fairly informal or specifically defined for a particular purpose.
The decision-making process can be unorganised or organised. To a certain extent they both shape the essence and makeup of individuals, their scale, population make-up, form and purpose. The potential contingencies of organisations (time constraint and competing objectives) also affect the development and performance of decision-making bodies.
Answer:
The correct answer is: 70%.
Explanation:
According to the information in the case:
- Price elasticity of supply: 0.3
- Price elasticity of demand: 0.7
The percentage of the tax burden on the supplier is calculated in the following way:
Therefore, <em>the tax burden on the supplier is 70%.</em>
Answer:
The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.
Explanation:
To calculate the GDP in a particular year after 2001, we know the equation will be,
GDP = 112 * (1+0.043)^t
Where,
If we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.
200 = 112 * (1+0.043)^t
200 / 112 = (1.043)^t
1.785714286 = (1.043)^t
Taking log on both sides and dividing the equation for t.
log(1.785714286) / log(1.043) = t
t = 13.772 years rounded off to 14 years
So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.
The correct answer is A. A surplus budget means that you receive more than you expected to spend
Answer:
the answer is an answer :/
Explanation: