______________ Involves Organizing Employees from Several Departments into a Temporary

question 133

Multiple Choice

______________ involves organizing employees from several departments into a temporary team for the purpose of developing a product or service.

• A)Formalization
• B)Standardization
• C)Synergizing
• D)Team building
• E)Concurrent engineering

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Definitions:

Total Cost

The complete expenditure associated with acquiring, producing, or maintaining a product or service.

Good Or Service

Any commodity or activity that can be offered by one party to another, which is capable of satisfying a need or want.

Free-Market Economic System

An economic system where prices for goods and services are determined by the open market and consumers, with minimal governmental intervention.

Theoretical Ideal

A concept or model that represents a perfect scenario or condition, which serves as a benchmark for comparison.