Which of the Following Statements Is True of Teams

question 11

Multiple Choice

Which of the following statements is true of teams?

• A) Teams work to accomplish a shared goal.
• B) Great teams have individual "stars."
• C) Teams comprise a minimum of five members.
• D) Great teams work together only when the need arises.

Recognize the importance of top management's full commitment to the successful implementation of MBO.

Recognize the role of goal setting in MBO and its relation to employee motivation and productivity.

Understand the theoretical foundation of Management by Objectives.

Identify issues and challenges that can cause MBO programs to fail and suggest solutions.

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Definitions:

Right of Return

A policy allowing customers to return purchased goods within a certain period, usually with conditions attached.

Sales Assistance

Support activities provided to help in the selling of products or services, including marketing, promotional efforts, and customer service.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Certificates of Deposit

Time-bound deposit offered by banks that pays interest to the depositor, with withdrawal of funds before maturity generally incurring penalties.