A new investment product, housing revenue bonds, requires expertise in back-office processes, accounting policy, legal issues, and, of course, a portfolio manager's judgment on value. Difficulties at any step will influence the value of the investment. The opinions of the experts are interdependent, so the portfolio manager recommends a team approach for a. more efficacy b. more efficiency c. more groupthink

Question

Business

Brittany Watkins

24 July, 08:38

A new investment product, housing revenue bonds, requires expertise in back-office processes, accounting policy, legal issues, and, of course, a portfolio manager's judgment on value. Difficulties at any step will influence the value of the investment. The opinions of the experts are interdependent, so the portfolio manager recommends a team approach for a. more efficacy b. more efficiency c. more groupthink

+3

Answers (2)

Know the Answer?

Patty · Answer 1

c. more group think,

more communication between all depts. involved, working as a team

Ezequiel · Answer 2

B) more efficiency

Explanation:

The manager already has a group of experts that knows a lot about different issues (investment, finance, accounting, legal, etc.), but they are currently working on their own. So the portfolio manager can make them work together as a team to increase their efficiency. They already know a lot, but it is time to unify concepts and ideas to generate only single project proposal that can be given to potential investors.