Hammer and Nail Co

question 22

Multiple Choice

Hammer and Nail Co. has offices around the globe. Its teams are separated by time, geographic distance, culture, and/or organizational boundaries, and almost rely exclusively on technology for interaction between team members. Its teams are:

• A)virtual teams.
• B)geographically-concentrated teams.
• C)lean teams.
• D)teleworker teams.
• E)learning organizational teams.

Comprehend the relationship between personality traits and job satisfaction.

Understand the role of procedural fairness in job satisfaction.

Recognize the importance of opportunities for growth and learning in job satisfaction.

Understand the theoretical underpinnings of job satisfaction, including equity and affective events theories.

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Definitions:

Inefficiencies

Inefficiencies refer to situations where resources are not used in the most effective way, leading to wasted potential in production, distribution, or allocation of goods and services.

Efficient Scale

The level of production at which a firm’s average total costs are minimized.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.

Differentiated Products

Products that are distinct from others in the same market due to unique characteristics, branding, quality, or other features.