A Team Should Be

question 15

Multiple Choice

A team should be

• A) large enough to provide competencies and perspectives, and small enough to maintain involvement and coordination.
• B) used in all problem solving and decision making.
• C) the method of last resort for making important decisions.
• D) formed when a speedy decision is needed.
• E) none of these.

---

Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced.

Marginal Cost

The change in total production cost that arises when the quantity produced is incremented by one unit.

Average Total Cost

The total cost of production divided by the number of units produced, which includes both fixed and variable costs.

Average Total Cost

The total cost divided by the number of goods or services produced, representing the per unit cost of production.