Virtual Teams Are Becoming Increasingly Common Because Of

question 132

Multiple Choice

Virtual teams are becoming increasingly common because of:

• A) globalization.
• B) improvements in information technology.
• C) the need to minimize silos of knowledge.
• D) the shift from production-based to knowledge-based work.
• E) all of these factors have increased the presence of virtual teams.

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Definitions:

Contribution Margin

The amount of revenue remaining after deducting variable costs, which contributes towards covering fixed costs and then generating profit.

Operating Income

The income generated from the primary activities of a business, determined by deducting operating costs from the gross profit.

Selling Price

The amount a buyer pays to purchase a product or service from a seller.

Variable Cost

A cost that varies with the level of output or production, such as materials and labor directly involved in manufacturing.