That Stage of Team Development Where Individual Personalities Come Out

question 14

Multiple Choice

That stage of team development where individual personalities come out as members clarify their roles and expectations is:

• A) Forming
• B) Storming
• C) Norming
• D) Performing

---

Definitions:

Unit Price

The cost assigned to a single unit of a product or service, making it easier to compare the value of similar products or services.

Total Cost

The complete cost of production, including both fixed and variable costs incurred in the creation of a good or service.

Purely Competitive Firm

A business operating in a market where there are many buyers and sellers, each with negligible impact on the price of goods and services.

Economic Profit

The variance between collective earnings and complete expenditures, encompassing both overt and covert costs.