Josh Is a Manager at On-The-Go Cars

question 40

Multiple Choice

Josh is a manager at On-The-Go Cars. He recently has read quite a bit of literature on the benefits of work teams. He is particularly interested in forming a vertical team. There are twenty-eight employees in his department. Josh should:

• A) recruit more employees for his department; twenty-eight is too small for a work team.
• B) form one team of twenty-eight employees.
• C) divide the group into four teams of seven employees each.
• D) forget the team idea; he has too many employees and he shouldn't divide his work group.
• E) do his job and not worry about teams.

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Definitions:

Economic Efficiency

An arrangement whereby resources are utilized in the most efficient way to increase the output of goods and services at the minimum possible cost.

Monopoly Power

The ability of a single entity or company to control or dominate a particular market, often leading to higher prices and reduced competition.

Oligopolists

Firms or entities within an industry where a small number control the majority of the market share, often leading to limited competition.

Highest Profit

The maximum financial gain that can be achieved from business activities after subtracting all relevant costs and expenses.