Company a Is Planning to Set Up a "Virtual Team

question 44

Multiple Choice

Company A is planning to set up a "virtual team" for a project. Which of the following is the best advice for this team to be successful?

• A) Team members should be selected based on certain personal characteristics such as a collaborative mindset.
• B) All team members should understand advanced computer and telecommunications technology so that breakdowns in communication do not occur frequently.
• C) Team members should all have Skype accounts.
• D) Team members should not meet in person.

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Definitions:

Quantity Effect

The impact on total consumption or production that results from changing the quantity of a good or service, usually in response to a price change.

Price Inelastic

Describing a situation where the demand for a good or service is relatively unaffected by changes in its price.

Ticket Sales

The process through which individuals can purchase access to events such as concerts, movies, sports events, or performances.

Unit-elastic

A demand or supply whose price elasticity is equal to 1, indicating that the percentage change in quantity demanded or supplied is equal to the percentage change in price.