A Profit Center Is an Organizational Unit That Has Control

question 51

True/False

A profit center is an organizational unit that has control over revenues, costs, and long-term investment decisions.

Identify and explain the characteristics, advantages, and challenges of virtual teams.

Understand cross-functional teams, their formation, and factors contributing to their effectiveness.

Analyze the differences in information sharing and communication in virtual vs. face-to-face teams.

Recognize the importance of interpersonal skills alongside technical skills in virtual team members.

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Definitions:

Incompetence

The lack of necessary skills, knowledge, or ability to perform a job or task effectively.

Outcome Evaluation

The assessment of the results or impacts of a program or intervention, determining its effectiveness.

Formative Evaluation

an evaluative process intended to monitor project or program progress, facilitating immediate improvements based on feedback.

Successful Intervention

A situation where a specific action or set of actions effectively addresses a problem, leading to a positive outcome.