Some Performance Outcomes That Have Been Used to Evaluate Team

question 100

True/False

Some performance outcomes that have been used to evaluate team effectiveness are innovation,efficiency,quality,and employee satisfaction.

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Definitions:

Externality Problem

A situation in which a third party is affected by the consequences of a transaction or activity between others, either positively or negatively.

Private Contract

An agreement between private parties that creates mutual obligations enforceable by law.

Pollution Permits

Tradable permits issued by governments that allow the holder to emit a certain amount of pollution; used to control and reduce environmental harm.

Corrective Taxes

Taxes designed to internalize externalities, typically by charging for negative externalities to correct market outcomes.