The Increasing Number of Virtual Teams Is Partly Due To

question 33

Multiple Choice

The increasing number of virtual teams is partly due to:

• A)increased preference for employees to work alone rather than interdependently with others.
• B)increased emphasis on business ethics.
• C)increased workforce diversity.
• D)better information technology.
• E)None of these factors explains the increasing number of virtual teams.

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Definitions:

Average Cost

A method to determine the cost of goods sold or inventory valuation where all costs of acquisition are averaged over the total units available for sale.

Supply Functions

Mathematical expressions that describe how the quantity of goods or services offered by suppliers changes in response to price changes.

Demand Functions

Mathematical expressions that show the relationship between the quantity demanded of a good or service and its price.

Market Equilibrium

A condition in a market where the quantity supplied is equal to the quantity demanded at a certain price level.