Philip, Tom, and Dan Work in Different Teams at Leo

question 92

Multiple Choice

Philip, Tom, and Dan work in different teams at Leo Motors.Tom's team ensures that all the raw materials, machinery, tools and other production equipments are available for the employees round the clock.Any procurement needs have to be addressed to Tom, who also takes a call on the strategic decisions regarding the number of units to be produced, exported, etc.Dan works in a team of eight members who concentrate on the day-to-day production.They also ensure the quality checks are done and inspect each other's work.Philip is the operation manager, who works for five hours in the production department and then heads off to assist the management.His feedback is very crucial in improving the production process.Tom is part of a(n) _____ team.

• A)work
• B)management
• C)parallel
• D)action
• E)project

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Definitions:

Indifference Curves

Graphical representations in economics that show different bundles of goods between which a consumer is indifferent, meaning the consumer has no preference for one bundle over another.

Characteristics

describe the distinct features or qualities that help in identifying, defining, or classifying subjects, objects, or concepts.

Utility-Maximizing Rule

An economic principle that states individuals allocate their income in a way that maximizes their total utility, based on the marginal utility per unit of price for goods or services.

Algebra

A branch of mathematics that deals with symbols and the rules for manipulating these symbols, representing quantities and expressing mathematical relationships.