Which of the Following Statements Is True of Team Composition

question 36

Multiple Choice

 Which of the following statements is true of team composition?

• A) All members should necessarily agree on how a problem has to be solved.
• B) Team members should not be open to new ideas as they might cause confusion.
• C) It is not necessary for teams to be composed of members with a common purpose.
• D) Effective teams include members with technical and interpersonal skills.

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Definitions:

Marginal Cost

The boost in expenditure due to producing an additional unit of a product or service.

Coase Theorem

A principle that suggests that if trade in an externality is possible and there are no transaction costs, bargaining will lead to an efficient outcome regardless of the initial allocation of property rights.

Private Parties

Individuals or entities that operate privately, not part of or affiliated with government organisations.

Government Involvement

The participation or intervention by government entities in various sectors of the economy or specific activities.