The Principal By-Product of the Norming Stage of Team Development

question 89

Multiple Choice

The principal by-product of the norming stage of team development is

• A) adjournment.
• B) uncertainty.
• C) empowerment.
• D) conflict.
• E) group cohesiveness.

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Definitions:

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.

Average Total Cost

The sum of all production costs (fixed and variable) divided by the quantity of output, indicating the per-unit cost of production.

Market Entry

The method or approach used by a business to penetrate a new industry or market.

Contestable Market

A market structure where there is freedom of entry and exit, making it possible for new competitors to enter the market easily.