Simon Has Just Launched a Startup and Has Big Ideas

question 45

Multiple Choice

Simon has just launched a startup and has big ideas for the company.He assembles a large team of people from different backgrounds who have the skills he needs to get the job done.Simon's brother criticizes this,saying that such a large team will result in too much conflict,because the different team members will all have individual approaches to a problem.Which of the following should Simon say to effectively counter this argument?

• A)A diverse group will encourage groupthink.
• B)The larger the team, the fewer the chances of conflict.
• C)The variety of perspectives will improve decision making.
• D)Working as a team will encourage members to eventually think alike.
• E)A larger team is more efficient in its use of resources.

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Definitions:

Supply Curve

A visual chart that illustrates how the quantity of a product or service provided correlates with its price over a specific time frame.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a certain price during a defined time frame.

Demand

The willingness and financial capacity of individuals to buy goods and services at certain price levels.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.