The Vice President of Biomedics Is Trying to Decide on the Composition

question 31

Multiple Choice

The Vice President of Biomedics is trying to decide on the composition of a new product development team.If she chooses members who are from multiple functional areas in the firm,which of the following is likely to be one of the disadvantages she is likely to experience?

• A) Increase in instances of whistle-blowing
• B) Increase in communication and coordination costs
• C) Lesser cross-fertilization of ideas
• D) Lesser instances of social loafing

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Definitions:

Marginal Analysis

An examination of the benefits and costs of one additional unit of change.

Economic Individuals

Persons or entities that make decisions to maximize satisfaction or profits, based on the principles of economics.

Bit More

A small additional amount or degree.

Opportunity Cost

The trade-off of not seizing the next most favorable opportunity when faced with a decision.