For Workers Who Join Non-Traditional Teams, the Teamworking Skills and Behaviours

question 5

Multiple Choice

For workers who join non-traditional teams, the teamworking skills and behaviours that are required for these new types of roles should be:

• A) learnt as part of training that occurs before the team actually forms.
• B) learnt in one lengthy training session upon the team's formation.
• C) learnt as part of training that should occur over a period of time.
• D) learnt on the job as the team undertakes its project.
• E) None of these responses are correct.

Understand the effect of inflation on the value of money and calculate the equivalent future or past value of an amount.

Apply the concept of discounting to determine the present value of future cash flows.

Evaluate the economic impact of making early payments versus investing at a specific interest rate.

Understand and calculate the effective interest rate for different compounding periods.

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Definitions:

Information Broker

An individual or entity that collects, compiles, and distributes information from various sources.

Functional Units

Organizational segments specialized in different tasks within a company, each contributing to the overall functionality.

Social Capital

A network of social relationships characterized by mutual respect, trust, and cooperation which can provide both individuals and groups with valuable resources and support.

Structural Holes

Gaps within a social network where there are no direct ties or connections between nodes or individuals, which can create opportunities for brokerage and information flow.