A Team of Top Managers from Both Headquarters and International

question 105

Multiple Choice

A team of top managers from both headquarters and international subsidiaries who meet to develop solutions to company-wide problems is referred to as a ________ team.

• A) virtual
• B) global team
• C) cross-functional team
• D) self-managed team

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Definitions:

Substitute Goods

Products or services that can be used in place of each other, based on similar features or fulfilling the same needs.

Sales Agreement

A contract between a buyer and seller outlining the terms and conditions of a sale of goods or services.

Lease Agreement

A contract between a landlord and a tenant specifying the terms under which the tenant may occupy and use a property for a defined period.

Uniform Commercial Code (UCC)

A statutory source of contract law in the United States that is applicable to transactions involving the sale of goods. The UCC was created in 1952 and adopted by all 50 states, the District of Columbia, and the Virgin Islands; it may be modified by each state to reflect the wishes of the state legislature.