With regard to combining members' preferences to reach a consensus,the impossibility theorem states that:
A)there is not a best way to derive a group's preference from combining individual preferences
B)there is not a best way to derive individual preferences from analyzing a group's overall preference
C)groups take much longer to reach agreement than two-party negotiations
D)groups often fail to see a positive bargaining zone when it actually exists

Question

Quizplus · Accepted Answer

The impossibility theorem, also known as the Arrow's impossibility theorem, states that there is no perfect method to derive a group's preference by combining individual preferences. This means that no matter how the individual preferences are combined, there will always be some inconsistencies or contradictions in the final result. Therefore, it is impossible to come up with a perfect consensus that satisfies everyone's preferences in a group decision-making process.

With Regard to Combining Members' Preferences to Reach a Consensus,the