Use the Following to Answer Questions

question 74

Multiple Choice

Use the following to answer questions:
Scenario: Used Car Market
In the used car market, cars of poor quality are called lemons, while cars of good quality are plums. Suppose the probability of obtaining a lemon is 60% and the probability of obtaining a plum is 40%. Also assume a plum is worth $15,000 and a lemon is worth $3,000.
-(Scenario: Used Car Market) Look at the scenario Used Car Market. If buyers cannot distinguish between lemons and plums, eventually this used car market will:

• A) be made up mostly of lemons.
• B) have buyers who will have a 50% chance of choosing a plum.
• C) be made up mostly of plums.
• D) be made up of 50% plums and 50% lemons.

Understand the impact of team norms on member behavior and team performance.

Define task interdependence and its types, and explain their significance to team dynamics.

Assess the effects of team diversity on team effectiveness.

Describe the concept of team faultlines and their impact on team cohesion and performance.