For a New Project, David Forms a Team Comprising of Individuals

question 57

Multiple Choice

For a new project, David forms a team comprising of individuals from various functional departments.After a few days David observes conflicts within the group over who will control the group and what the group needs to be doing.This team is now in the ________ stage of group development.

• A) storming
• B) forming
• C) performing
• D) norming

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Definitions:

Regulatory Commission

A government body responsible for setting and enforcing rules and regulations in a specific sector to protect public interest.

Economies of Scale

The advantages in cost that companies receive owing to their operational magnitude, with the expense per produced unit generally diminishing as the scale of operations broadens.

Natural Monopoly

A market condition where the cost of production is minimized by having a single firm produce the product, due to high fixed or startup costs.

Demand Schedules

A table that shows the quantity demanded of a good or service at different price levels.