__________ Are Small Workgroups Made Up of About Five to Fifteen

question 2

Multiple Choice

__________ are small workgroups made up of about five to fifteen workers who meet regularly with one or two managers to discuss the group's performance and working conditions.The purpose of this team approach to management is both to improve product quality and to lower product costs.

• A) Shared decision-making groups
• B) Quality circles
• C) Cooperatives
• D) Universal problem-solving teams

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Definitions:

Maximizing Utility

The process or goal of obtaining the highest level of satisfaction or benefit from the consumption of goods and services, given constraints like income.

Utility

A measure of satisfaction, usefulness, or value that an individual or society derives from a good or service.

Consuming

The act of using up goods or services either by purchasing or utilizing them.

Maximizing

Seeking to make as large as possible; in economics, often involves actions like profit maximization or utility maximization.