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Why are group decisions more qualitative than individual decisions?
Wiki User
∙ 14y ago
The reason for this is because a single persons choice may be incorrect. Although, a group desicion can be, the odds suggest that there is a less of a chance of it being incorrect.
Wiki User
∙ 14y ago
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What is the relevance of quantitative techniques in decision making?
In more and more reclusive circles of analytical review, it appears the concluded decisions being retained further demonstrate a dramatic preference for the utilization of increasingly qualitative as well as quantitative techniques versus the use of coins and dice. This is, however, theoretical. I could be wrong.
Micro economics deals with individual units in the economy?
Micro economics deals with smaller things like an individual peoples decisions and small communities. An example of a conflict is in micro economics it is irrational to vote yet in macro economics it is rational. Micro economics deals with more individual based problems while macro is more broad spectrum.
Is Qualitative factors more important in business decision making as compared to quantitative factors?
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What is the book called the Wealth of Nations about?
Mainly, the Wealth of Nations is about the benefits of a free market economy and how the government should leave economic decisions to individual households and firms without regulation or intervention because it is argued to be more productive and beneficial for society.
Do you agree or disagree that incentive plans are less preferable than group incentives and company wide incentives?
Agree, because group incentives and company wide incentives ensure that teams and organization as a whole work towards a common goal. A team is likely to accomplish more tasks and develop more ideas than a sole individual. In other words, individual incentive plans reward the individual for his/her own efforts resulting in individualistic behavior. In today's economy, companies need to make good use of teams and should compensate them and all those that help it achieve its goals through their collective efforts.
What utilizes qualitative and quantitative analysis procedures to help marketing managers make more informed decisions?
utilizes qualitative and quantitative analysis procedures to help marketing managers make more informed decisions.
Are decisions of groups more effective than those of individuals?
There are some decisions that are more effective if made by a group. Other decisions are more effective if made by individuals.
Why is a pressure group more effective than an individual?
a pressure group is more effective than an individual because they stand more of a chance to win over whoever theyre trying to win over than an individual who may not be able to "win" because there is one of them and more of the opposition
What is the difference in anecdotal evidence and qualitative research?
Anecdotal evidence refers to personal stories or individual experiences, while qualitative research involves systematic methods to collect and analyze non-numerical data to explore themes and patterns. Qualitative research aims to provide more rigorous and generalizable insights compared to anecdotal evidence, which may be influenced by individual biases and limitations.
What are the differences between group and individual counselling?
Individual counseling would involve the counseler(s) and a single counselee. Group Counseling would involve not only the counseler(s) but more than one counselee.
What is based on the idea that the community is more important than the individual is?
Collectivism is the belief or practice that places the community or group as a whole as more important than any individual within that group. This ideology prioritizes the well-being of the community over individual desires or needs.
Is intra communication a context of communication?
yes it is , it means communication within the office . it may be individual to individual, individual to group,..can i get more about intra communication?
What motivates a group to survive through partnering of two individual or more?
Pairing
What are Jesus dollars?
More qualitative than quantitative.
What are the benefits and drawbacks of the belief that the group was more important than the individual in china?
io
Why is time management necessary?
Time management is required for success. Time management allows an individual to accomplish more, make better decisions, and work more efficiently.
What is the benefit of group health insurance?
Group health insurance is more beneficial than individual group plan because it comes to the individual for free. This is the best way one can get health insurance and medical benefits while saving money.
