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Strato Engineering
Recently Strato Engineering, a technology product company, began the use of four different teams.One team aims (1) to develop the next generation of the company's model CVF-D.The team is composed of the product development manager, chief engineer, director of procurement, human resource director-technology, marketing research director, cost analysis director, operations director-production and the four highest sales project vendors.The preliminary projection for the lifetime of the team to prototype-production is expected to be two years due to the level of technology involved in the product.Another team (2) has also been established recently to solve a new problem with an adhesive used to attach a thin-foil material to a finished metal surface.There are three members in this team: installer, engineer and sales representative for the adhesive manufacturer, and no one particular leader.It is anticipated that it will require about two days to solve the problem.Another team (3) has been working together for four years implementing modifications to the company's current model CVF-C.It is composed of members in the areas of procurement, engineering, production, major vendors and Strato Engineering customers' procurement agents.None of the members of this team are at the same location.They utilise a variety of graphic-electronic technologies to view the product onscreen in three-dimension at each location simultaneously.At the Adelaide facility, a team (4) has been formed to stamp a new part.It requires four members and they rotate jobs every two hours.Before beginning the workday, they meet for about 10 minutes and discuss the work that needs to be completed that day.The team makes most of the day-to-day decisions about their work responsibilities.
-Refer to Strato Engineering (Scenario) .The team (4) at the Adelaide facility is a ________ team.
American Bank
A financial institution in the United States that offers various banking services such as deposits, loans, and other financial services.
Loan Repaid
The process of paying back borrowed money to the lender, typically including both the principal amount and interest.
Canadian Dollars
The currency of Canada, used as a medium of exchange within the country.
Settlement Date
The specific date on which a financial transaction is completed and contractual obligations must be fulfilled.
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