Lucinda Wanted to Set Up Her Team So That It

question 67

Multiple Choice

Lucinda wanted to set up her team so that it would be highly creative and innovative. Which of the following teams is most likely to produce creative and innovative ideas?

• A) A team with large amounts of experience
• B) A team with extensive training in how to handle the problem area
• C) A team that is highly cohesive
• D) A team with different backgrounds and skill sets
• E) A team that has similarity of perspective

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Definitions:

Price-Elastic Demand

Describes a situation where the quantity demanded of a good or service significantly changes in response to changes in its price.

Community College

A public institution providing higher education and lower-level tertiary education, granting certificates, diplomas, and associate degrees.

Price Discrimination

The strategy of selling the same product to different customers at different prices based on their willingness to pay, not differences in production costs.

Fourth of July

A national holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776.