Businesses Form Teams Because Teams Make Better Decisions,respond Faster,and

question 50

Multiple Choice

Businesses form teams because teams make better decisions,respond faster,and

• A)demonstrate increased productivity.
• B)are proficient in using technology.
• C)are able to avoid conflict.
• D)are used extensively in every culture.

Recognize the effective use of punishment and extinction strategies in managing undesirable workplace behaviors.

Grasp the role of task variety, job enrichment, and job rotation in preventing job dissatisfaction and enhancing employee engagement.

Understand the concept and calculation of price elasticity of demand.

Recognize the determinants of price elasticity, including the availability of substitutes and the necessity of the product.

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Definitions:

Knowledge Sharing

The practice of distributing or exchanging knowledge, skills, and expertise within an organization or community.

Silos of Knowledge

Refers to the phenomenon where information is segregated and isolated within different divisions, departments, or sectors of an organization, leading to inefficiencies and lack of synergy.

Major Car Parts

Include critical components such as the engine, transmission, battery, alternator, radiator, and brakes, which are essential for the operation of a vehicle.

Open Systems

Organizations or entities that interact with their environment, exchanging resources, information, and influences.