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Jason Jones has been asked to assemble an eight-member self-managed work team of experienced employees to work on a project that combines the functional areas of research, production, marketing, and distribution. Jason is apprehensive about managing a team so large; he knows from prior experience that larger teams do not always result in greater productivity. Jason has also been informed by the management that this team is being established as the project must progress according to the predetermined timeline. The work lagging behind by one division will cause a cumulative delay in all the successive stages of the project's execution. Which of the following measures, if adopted by Jason, would best ensure that the team members are working efficiently?
Erosion Costs
The negative financial impact resulting from a new project or investment, particularly affecting existing revenue or assets.
Sunk Costs
Costs that have already been incurred and cannot be recovered or influenced by any decision made now or in the future.
R&D Expenditures
Research and Development expenditures are costs incurred in the process of discovering, developing, and enhancing products, technologies or services.
Engine-Oil Additive
A substance added to engine oil to improve its properties, such as reducing friction, wear, or corrosion, and enhancing performance.
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