The Team-Based New Product Development Approach Saves Times and Increases

question 33

Multiple Choice

The team-based new product development approach saves times and increases effectiveness because departments work closely together in _ _.

• A) cross-functional teams
• B) problem-solving teams
• C) independent groups
• D) self-managed groups
• E) divisional teams

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Definitions:

Usurped Corporate Opportunity

This refers to a situation where an individual, often an executive or director, takes for their own benefit an opportunity that should rightfully belong to the corporation.

Unlawful Distributions

Refers to the illegal dispensation, sharing, or allocation of assets or resources, often seen within the context of corporations or trust laws.

Director Liability

The legal responsibility of corporate directors for actions or omissions that cause harm to the company or its shareholders.

Unlawful Distributions

Financial distributions made by a company to its shareholders that violate laws or the company's own regulations, potentially harming the company or its creditors.