In the Short Run, Firms Can Enter an Industry but Not

question 268

True/False

In the short run, firms can enter an industry but not exit an industry.

Acknowledge the role of organizational rewards as a context factor in team effectiveness.

Define the term context factor in relation to team environments and effectiveness.

Differentiate between formal and informal leadership roles within teams.

Analyze the impact of leadership on team effectiveness.

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Definitions:

Nominal Group Session

A structured form of group meeting aiming to generate ideas or make decisions, where each member participates equally.

Round-Robin

A strategy or method involving a sequence or rotation where each participant takes part in an activity in turn.

Rank Order

A sequential arrangement of items, individuals, or values according to their level of importance, hierarchy, or superiority.

Groupthink

a psychological phenomenon where the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.