In a Team-Based Organization, a Typical Role for a Leader

question 19

Multiple Choice

In a team-based organization, a typical role for a leader is to

• A)be a facilitator for two or three teams.
• B)serve as a team leader for two or three teams.
• C)serve as a vice president of teams and teamwork.
• D)work mostly as an individual contributor and part-time as a leader.

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Definitions:

Diminishing Marginal Utility

The principle that as a person consumes more of a good, the satisfaction (utility) gained from each additional unit decreases.

Total Utility

The total satisfaction or benefit a consumer receives from consuming a particular quantity of a good or service.

Noncash Gift-giving

The act of giving gifts that do not involve direct monetary exchange, emphasizing the value of thoughtfulness and relationships.

Marginal Utility

Marginal utility refers to the additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.