Which of the Following Is(are) an Advantage of Team Structure

question 59

Multiple Choice

Which of the following is(are) an advantage of team structure?

• A) Increased barriers among departments
• B) Unplanned decentralization
• C) Time and resources spent on meetings
• D) Less response time, quicker decisions
• E) All of these

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Definitions:

Marginal Cost

The uptick in price resulting from the manufacture of an extra unit of a good or service.

Monopoly Firm

A company that is the sole provider of a product or service in a market, facing no competition.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs.

Profit Maximization

A method used by firms to determine the best output and price levels in order to achieve the highest profit.