________ Teams Are Formal Work Groups Consisting of People Who

question 26

Multiple Choice

________ teams are formal work groups consisting of people who are jointly responsible for ensuring that the team accomplishes its goals and who are empowered to lead themselves.

• A) Transitory
• B) Contingent
• C) Self-managed
• D) Transactional

---

Definitions:

Discouraged Workers

People without jobs who have given up looking for work.

Recovery Phase

A stage in the economic cycle where activity is picking up and the economy grows after a recession or downturn.

Recession Phase

Part of the business cycle characterized by a decline in economic activity, marked by falling GDP and rising unemployment.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way, typically characterized by low unemployment.