Which of the Following Characteristics Suggests That a Collection of Five

question 21

Multiple Choice

Which of the following characteristics suggests that a collection of five employees is a teamrather than a "group" or a "committee?"

• A) Independence
• B) 2 of the 5 members have 80% of the power
• C) The members use casual language
• D) Use of forcing to manage conflict

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Definitions:

Economic Profits

Profits exceeding the opportunity costs of all resources used, indicating a return above the normal competition level.

Marginal Revenue

The additional income earned by producing and selling one more unit of a product.

Marginal Costs

The additional cost incurred in producing one more unit of a good or service.

Average Revenue

The amount of income generated per unit of output, calculated by dividing total revenue by the number of units sold.