Self-Managing Teams

question 21

Multiple Choice

Self-managing teams:

• A) are limited to only very large organizations.
• B) require members to coordinate their own activities and make decisions.
• C) typically increase the need for supervisors.
• D) create a tall organizational structure.
• E) show negligible increase in productivity and substantial decrease in product quality.

Differentiate between crowdsourcing and crowdfunding and their applications in social media campaigns.

Gain knowledge on best practices and critical strategies for effective international social media management.

Understand the role and impact of unions on wage disparity.

Recognize the concept of compensating differentials and how they contribute to wage disparities.

---

Definitions:

Normal Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range, characterized by its bell-shaped curve, symmetric about the mean.

Standard Deviation

A statistical metric that quantifies the dispersion or variability of a dataset relative to its mean.

Mean

The average of a set of numbers, calculated by dividing the sum of the values by the number of values.

Standard Normal Variable

A standard normal variable is a random variable that follows a normal distribution with a mean of zero and a standard deviation of one.