In a World of Uncertainty Where Investments Once Made Are

question 7

Multiple Choice

In a world of uncertainty where investments once made are irreversible, flexibility is:

• A) irrelevant.
• B) valuable.
• C) invaluable.
• D) risky.

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Definitions:

Cross-functional Teams

Groups composed of members from different functional areas of an organization, working towards a common goal.

Complex Activity

An activity involving multiple, often interrelated steps or processes that require a high level of skill, knowledge, or coordination to complete successfully.

Coordination

The organized arrangement or harmonious functioning of parts for effective results, often involving the integration of efforts among members of a group or organization.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.