Many Organizations That Experienced Success Using Problem-Solving Teams Expanded the Team

question 37

Multiple Choice

Many organizations that experienced success using problem-solving teams expanded the team concept to allow team members to have greater responsibility in making decisions, implementing solutions, and monitoring outcomes.These highly autonomous groups are called:

• A)independent groups
• B)functional groups
• C)work groups
• D)project committees
• E)self-managed work teams

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Definitions:

DSO

Days Sales Outstanding refers to the average period a company requires to receive payment following a sale.

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.

Rational Individual

Refers to a person who makes choices that maximize their personal benefit or utility, based on their own preferences and available information.

Charity

An act of giving help, typically in the form of money or goods, to those in need.