One of the Primary Advantages of a Virtual Team Is

question 1

Multiple Choice

One of the primary advantages of a virtual team is the ability to:

• A)trust people to do their jobs without constant supervision.
• B)monitor team members.
• C)rapidly assemble talented people for a complex project.
• D)have complete control over team members.

---

Definitions:

Elasticity of Labor Supply

A measure of the response of labor supplied to a change in the price of labor.

Wages

Payments made to employees by employers, typically based on the number of hours worked or a fixed amount for a certain job.

Quantity of Labor

The total hours worked or the number of employees engaged in production within a certain period.

Unit Elastic

A situation where a change in price leads to an equal proportional change in the quantity demanded or supplied.