Companies Build and Support Teams Because

question 128

Multiple Choice

Companies build and support teams because:

• A)teams reduce the number of people needed to make decisions.
• B)teams increase overall work performance.
• C)teams are always effective.
• D)employees enjoy being on teams.

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Definitions:

Cost-Cutting Project

An initiative aimed at reducing expenses in order to improve profitability.

Reduction in Costs

Efforts or strategies implemented to decrease expenses and improve efficiency in a business operation.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future business decisions.

Stand-Alone Principle

An evaluation method in project management and capital budgeting where a project is assessed on its own merits without considering the company's overall financial position.