Which of the Following Enables Managers to Disregard Geographic Distances

question 80

Multiple Choice

Which of the following enables managers to disregard geographic distances?

• A)virtual team
• B)command team
• C)informal team
• D)task force

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Definitions:

Unit Elasticity

A situation in economics where a change in the price of a good or service results in a proportional change in the quantity demanded or supplied.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price within a specified time period.

Price Elasticity

An indicator that shows the degree to which the demand for a product or service fluctuates following a price adjustment.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various prices over a specific period.