A Top Management Team That Is Made Up of People

question 38

Multiple Choice

A top management team that is made up of people with very similar backgrounds and experience is considered to be

• A) a heterogeneous team
• B) a homogeneous team
• C) more common in the United States than in Japan
• D) a bad idea because they take too long to reach consensus

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Definitions:

Material Facts

Facts that are significant or essential to the issue at hand, and that can influence a decision or outcome.

Void

Refers to an agreement or contract that is deemed legally invalid and unenforceable from the outset, as if it never existed.

Reformation

A court-ordered correction or modification of a written contract to reflect the true intentions of the parties when the contract was mistakenly drafted.

Coverage Assumptions

Speculations or estimations regarding the extent and conditions of insurance policy coverage.