Vanessa Is Appointed as the Project Manager for a Project

question 11

Multiple Choice

Vanessa is appointed as the project manager for a project on new product development at Glacier Inc. After selecting employees from different functional areas to work with as a team, she conducts a meeting with the new team members so that they can get to know each other. Following a brief interaction session, Vanessa presents the team norms to them. This scenario illustrates that Vanessa's team is in the _____ stage of team development.

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

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Definitions:

Monthly Fixed Expense

Regular, unchanging expenses that occur on a monthly basis, such as rent or salaries, regardless of business activity levels.

Target Profit

The amount of net income a company aims to achieve for a specified period as part of its financial and operational goals.

Break-Even Sales

The amount of revenue needed to cover total fixed and variable expenses, resulting in a net profit or loss of zero.

Margin Of Safety

The difference between actual or projected sales and the break-even point, indicating the level of risk in failing to cover fixed and variable costs.