Teams Differ from Groups in That Teams

question 121

Multiple Choice

Teams differ from groups in that teams

• A) place more emphasis on concerted action than groups do.
• B) are usually larger than groups.
• C) are usually temporary.
• D) place little emphasis on common objectives.
• E) pursue multiple goals.

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Definitions:

Gainsharing Plans

Performance-based compensation programs where savings or gains from increased productivity and cost-efficiency are shared with employees.

Share Options

Financial derivative instruments that give the holder the right, but not the obligation, to buy or sell company shares at a specified price before a specified date.

Share Option Plans

Compensation strategies used by organizations to offer employees the option to buy company shares at a future date at a price established when the option is granted, incentivizing long-term commitment.

Predetermined Price

A price set in advance, often based on cost calculations, market predictions or agreements, before a transaction takes place.