You Are the Vice-President of a Division of a Large

question 52

Multiple Choice

You are the vice-president of a division of a large, multi-national company that makes electronic equipment for consumers and the military. You have several managers that have created some teams. Also, there are several projects underway and you need to decide what types of teams to use for each situation.
-Your company has recently landed a contract to design and manufacture a new state-of-the-art electronic device for the military. This will be a very complex project, requiring many different types of skills. Which of the following types of teams is most suited for the project?

• A) virtual
• B) problem-solving
• C) task-resolution
• D) self-managed
• E) cross-functional

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Definitions:

Issuing Bonds

The process by which a corporation or government raises funds by selling debt securities to investors.

Tax Savings

Reductions in income tax obligations as a result of deductions, credits, or other allowances.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote at shareholder meetings and receive dividends.

Annuity

A monetary product offering a stable payout to an individual, predominantly aimed at supplying income to retirees.