Which of the Following Statements Is True

question 16

Multiple Choice

Which of the following statements is true?

• A)"Team" is another word for "group."
• B)A team is basically a leader-centered group.
• C)A team is basically a self-managed (leaderless)group.
• D)Groups are teams,but teams are not groups.
• E)Teams are groups,but not all groups are teams.

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Definitions:

Human Capital

The sum of abilities, expertise, and non-material assets possessed by people that can generate economic benefits for themselves, their employers, or their local area.

Physical Capital

Tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.

Economic Profit

The profit a company makes after subtracting both its explicit and implicit costs from total revenues.

Labor Services

The physical and intellectual efforts provided by workers in exchange for wages.