Regarding the Use of Work Teams in Many Companies, Which

question 19

Multiple Choice

Regarding the use of work teams in many companies, which statement is most accurate?

• A)Teams that have worked together for a long period of time are more efficient than individuals, but newer teams are problematic.
• B)Individuals outperform teams.
• C)Teams are one way of performing work, but are not inherently superior to individuals.
• D)Teams outperform individuals.

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Definitions:

Marginal Utility

The change in satisfaction or utility that a person receives from consuming one additional unit of a good or service.

Total Utility

The total satisfaction or value a consumer receives from consuming a particular quantity of goods or services.

Additional Unit

Refers to the next unit of production or consumption, often analyzed in terms of its cost or benefit.

Utility

Utility is an economic concept referring to the total satisfaction received from consuming a good or service.