Which of the Following Statements About Cross-Functional Product Development Teams

question 12

Multiple Choice

Which of the following statements about cross-functional product development teams is true?

• A) Interpersonal skills are not necessary for these teams to operate efficiently.
• B) The only skills needed for efficient operation of such teams are technical skills.
• C) These teams have the ability to identify problems and opportunities related to the entire organization and make decisions quickly.
• D) Cross-functional teams succeed because of their synergy and not their complementary skills.

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Definitions:

Treasury Note

A medium-term government debt security with fixed interest rates and maturities typically ranging from 1 to 10 years.

Default Risk

The possibility that a borrower fails to meet the legal obligations or conditions of a debt.

Liquidity Risk

Refers to the uncertainty of a company's ability to meet its short-term financial commitments due to an inability to convert assets to cash quickly without significant loss.

Inflation Rates

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.