With Respect to the Different Types of Teams in Organizations

question 1

Multiple Choice

With respect to the different types of teams in organizations, _____ teams consist of members who communicate electronically, take turns as leaders, and jump in and out as necessary.

• A) virtual
• B) natural work
• C) leadership
• D) problem-solving

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Definitions:

Self-Sufficient

The ability to fulfill all of one's needs without relying on external assistance.

Comparative Advantage

The ability of a country, individual, company, or region to produce a particular good or service at a lower opportunity cost than others.

Absolute Advantage

The ability of a country or firm to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including materials, labor, and overhead.