Work Groups Composed of Multinational Members Whose Activities Span Multiple

question 103

Multiple Choice

Work groups composed of multinational members whose activities span multiple countries are referred to as

• A)self-designing teams.
• B)transnational teams.
• C)quality circles.
• D)transformational teams.
• E)virtual teams.

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Definitions:

Joint Venturers

Business entities or individuals that collaborate on a specific project or business activity, sharing both the risks and rewards.

Venture-Related Project

A specific endeavor, often involving risk, undertaken by a business or partnership that aims to deliver a new product, service, or result.

Business Trust

A form of business organization, created by a written trust agreement, that resembles a corporation. Legal ownership and management of the trust’s property stay with the trustees, and the profits are distributed to the beneficiaries, who have limited liability.

Personally Liable

When an individual is personally responsible for fulfilling a debt or legal obligation, risking personal assets beyond a corporate structure.