During the Group's Third Meeting, George Noticed a Pattern Emerging-Every

question 8

Multiple Choice

During the group's third meeting, George noticed a pattern emerging-every time the group members were close to making a decision, someone would ask him if he agreed. As the meeting came to a close, some members asked him what time the next meeting would be held and if there was anything in particular they should bring to the next meeting. George wondered if the group had begun to recognize him as their leader. Based on this information, in which stage of development does George's group appear to be?

• A) forming
• B) storming
• C) norming
• D) performing

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Definitions:

Federal Reserve System

The central banking system of the United States, responsible for implementing monetary policy and regulating the banking industry.

M1

A category of the money supply that includes all physical money like coins and currency, as well as demand deposits and other liquid assets held by the central bank.

Double Coincidence of Wants

A condition in barter economies where two parties each hold an item the other wants, making it possible for an exchange to occur without a common medium of exchange.

Barter Situation

A trade system where goods or services are exchanged directly for other goods or services without the use of money as a medium of exchange.