The Nine Contingency and Structural Dimensions Are Not Dependent on Each

question 5

True/False

The nine contingency and structural dimensions are not dependent on each other.

Recognize the role of rules, procedures, and leadership skills in team effectiveness.

Identify and explain the characteristics, advantages, and challenges of virtual teams.

Understand cross-functional teams, their formation, and factors contributing to their effectiveness.

Analyze the differences in information sharing and communication in virtual vs. face-to-face teams.

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Definitions:

Economies of Scale

The reduction in per-unit cost as the scale of production increases, leading to greater efficiency and lower costs for large-scale producers.

Foreign Competition

The presence and impact of competitors from other countries in a domestic market, often influencing prices, market shares, and industry standards.

Oligopolistic Market

A market structure characterized by a small number of large firms that dominate the market, often leading to strategic interactions and considerations regarding pricing and production.

Allocative Efficiency

A state of resource distribution where it is impossible to make any one individual better off without making someone else worse off, maximizing societal welfare.