A Small Number of People with Complementary Skills Who Are

question 115

Multiple Choice

A small number of people with complementary skills who are committed to a common purpose,set of performance goals and approach for which they hold themselves mutually accountable is referred to as a

• A)team.
• B)quality circle.
• C)work force.
• D)work group.
• E)virtual team.

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Definitions:

Derivatives Market

A financial market for securities whose value derives from the value of other underlying financial assets, such as stocks, bonds, or commodities.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Futures Markets

Exchanges that facilitate the buying and selling of futures contracts, which are agreements to buy or sell assets at a future date at a predetermined price.

Leverage

The use of borrowed money to increase the potential return of an investment, which can also magnify the potential loss.