Why Are Extensive Training and Team Building Activities Important When

question 84

Multiple Choice

Why are extensive training and team building activities important when managing contracted relationships?

• A) Extensive training and team building activities are not worth the effort because people issues will usually work themselves out over time.
• B) So team members are provided with a theoretical understanding of the barriers to collaboration as well as the skills and procedures to be successful.
• C) So conflict management processes can be put into place.
• D) So teams can still function together when co-location is not important for project success.
• E) So teams can identify difficult individuals and keep their distance during the project.

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Definitions:

Mutually Exclusive

A statistical term describing two or more events that cannot occur simultaneously.

Salvage Value

The estimated residual value of an asset at the end of its useful life, important for depreciation calculations.

Internal Rate Of Return (IRR)

The discount rate that makes the NPV of an investment zero.

Straight-Line Depreciation

A technique for distributing the expense of a physical asset evenly across its lifespan in identical yearly payments.