Teams Can Be Broadly Classified as Either ____

question 71

Multiple Choice

Teams can be broadly classified as either ____.

• A)functional or departmental
• B)local or national
• C)line or staff
• D)centralized or decentralized
• E)functional or cross-functional

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Definitions:

Market Prices

The current prices at which goods and services are bought and sold in the marketplace, determined by the forces of supply and demand.

Influence

The ability to impact the nature, growth, or actions of an individual or object, or the impact that is made.

Market Failure

A scenario in which the distribution of goods and services through an unregulated market fails to achieve efficiency, typically resulting in a decrease in overall social welfare.

Economies

The system by which goods and services are produced, distributed, and consumed within a particular area or community.