Discuss Three Specific Factors That Account for a Team's Ability

question 74

Essay

Discuss three specific factors that account for a team's ability to make effective decisions. How can these factors be used to improve team decision making?

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Definitions:

Disposable Income

The amount of money an individual or household has to spend or save after taxes have been deducted.

Savings

Money that is set aside from disposable income, often placed in interest-bearing accounts for future use or investment.

Inventory Investment

The commitment of resources towards the acquisition and holding of stocks or goods to be sold or used in future production processes.

Level of Inventory

Level of Inventory refers to the quantity of goods or materials on hand at a particular time within a business.