A Splendid Way to Improve the Efficiency and Effectiveness of Virtual

question 27

Multiple Choice

A splendid way to improve the efficiency and effectiveness of virtual teams is to:

• A)Have them meet face-to-face occasionally.
• B)Restrict team members to audio communication only.
• C)Mandate audio and video in all electronic communication.
• D)Use e-mail most of the time since the printed word is rarely misinterpreted.

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Definitions:

Market Price

The actual selling price of a good or service in the market at which it can be bought or sold.

Surplus

The amount by which quantity supplied exceeds quantity demanded, often resulting in excess goods and a decrease in prices.

Shortage

A situation in which demand for a good or service exceeds its supply in a market.

Equilibrium

Equilibrium is the state in a market where the quantity supplied equals the quantity demanded, resulting in market stability and no incentive for price changes.