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Strato Engineering (Scenario) Recently Strato Engineering, a Technology Product Company, Began the Use

question 55

Multiple Choice

Strato Engineering (Scenario)
Recently Strato Engineering, a technology product company, began the use of a team (1) to develop the next generation of the company's model CVF-D. The team is composed of the product development manager, chief engineer, director of procurement, human resource director technology, marketing research director, cost analysis director, operations director production, and the four highest-dollar project vendors. The preliminary projection for the lifetime of the team to prototype-production is expected to be 2 years due to the level of technology involved in the product. Another team (2) has also been established recently to solve a new problem with an adhesive used to attach a thin-foil material to a finished metal surface. There are three members in this team: installer, engineer, and sales representative for the adhesive manufacturer, and no one particular leader. It is anticipated that it will require about 2 days to solve the problem. Another team (3) has been working together for 4 years implementing modifications to the company's current model CVF-C. It is composed of members in the areas of: procurement, engineering, production, major vendors, and Strato Engineering customers' procurement agents. None of the members of this team are at the same location. They utilize a variety of graphic-electronic technologies to view the product onscreen in three-dimension at each location simultaneously. At the Denver facility, a team (4) has been formed to stamp a new part. It requires four members, and they rotate jobs every 2 hours. Before beginning the workday, they meet for about 10 minutes and discuss the work that needs to be completed that day. The team makes most of the day-to-day decisions about their work responsibilities.
-Team 3 that is working on model CVF-C modifications is a ________ team.

Definitions:

Utility Maximization

The process by which consumers allocate their spending to achieve the greatest level of satisfaction or utility from their available resources.

Preferences

The individual choices or subjective evaluations consumers make regarding the satisfaction they expect from consuming goods or services.

Opportunity Cost

Missing out on potential gains from other choices upon selecting one option.

Leisure

Free time when an individual is not engaged in work or essential activities, often used for relaxation, hobbies, or cultural and artistic pursuits.