Question : Which of the following is a limitation of the Delphi technique?
Option 1: Lack of expert input
Option 2: Time-consuming process
Option 3: Inability to handle uncertainty
Option 4: Inflexibility in adapting to changes
Correct Answer: Time-consuming process
Solution : The correct answer is (b). Time-consuming process
The Delphi technique is a method used to gather expert opinions and insights to reach a consensus or make informed decisions. It involves multiple rounds of anonymous questionnaires or surveys, where experts provide their input, review the feedback from other participants, and revise their responses iteratively.
While the Delphi technique can be valuable in certain situations, one of its limitations is that it can be a time-consuming process. Conducting multiple rounds of questionnaires and gathering feedback from participants can take a significant amount of time, especially when experts are dispersed geographically or have busy schedules.
Question : Which of the following is a key characteristic of a well-designed control system?
Option 1: Lack of performance evaluation
Option 2: Overemphasis on subjective measures
Option 3: Timely and accurate feedback
Question : Case Study: DEF Healthcare Solutions
DEF Healthcare Solutions is a healthcare startup that aims to provide affordable medical services to underserved areas. The company is in the early stages of development and is looking for ways to expand its reach. Question:
The limitation of planning that DEF Healthcare Solutions may face during expansion is:
Option 1: Lack of employee motivation
Option 2: Ignoring external factors
Option 3: Inflexibility in adapting to changes
Option 4: Restricting communication with clients
Question : Which of the following is a characteristic of effective planning?
Option 1: Inflexibility
Option 2: Lack of employee involvement
Option 3: Short-term focus
Option 4: Alignment with organizational goals
DEF Healthcare Solutions is a healthcare startup that aims to provide affordable medical services to underserved areas. The company is in the early stages of development and is looking for ways to expand its reach.
Question: The limitation of planning that DEF Healthcare Solutions may face during expansion is:
Question : Which of the following can cause a shift in the aggregate supply curve?
Option 1: Changes in technology
Option 2: Changes in input prices
Option 3: Changes in government regulations
Option 4: All of the above
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