Which of the Following Is a Disadvantage of a Team-Based

question 22

Multiple Choice

Which of the following is a disadvantage of a team-based approach to new product development?

• A) It takes longer for the development of a new product.
• B) The development effort is not as effective because of employee inexperience.
• C) It decreases the efficiency of the new product development process.
• D) It results in organizational confusion and tension.
• E) The process does not work with the shorter life cycles of many of today's products.

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Definitions:

US GAAP

The Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used in the financial reporting of companies.

IFRS

International Financial Reporting Standards, a set of accounting principles that provide guidelines for financial reporting and are recognized globally.

Deferred Taxes

Deferred taxes are future tax liabilities or assets, reflecting the temporary differences between the accounting income and taxable income.

GAAP

Generally Accepted Accounting Principles are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the United States.