Refer to the Scenario Below to Answer the Following Questions

question 64

Multiple Choice

Refer to the scenario below to answer the following questions.
A New Group (Scenario)
David had been away from his old company, Control Tech, for a while. He remembered that when he worked there 10 years ago, the company was very traditional and conservative. The lines of authority and responsibility were established and clear. Now, it felt ironic that he was managing the consulting team that was going to help bring a group orientation into being. In addition to the traditional hierarchy, with a manager and subordinates, he saw a need to introduce teams comprised of individuals from various work areas to help solve operational problems. He also felt that for certain projects, there could be groups that could function essentially independently, even taking on traditional management responsibilities such as hiring, planning, and scheduling. Plus, he also saw real potential for special, temporary projects to be handled by groups that would disband once the task was completed.
-The temporary groups that would be created to achieve a special task, then disband, are known as __________.

• A) self-managed teams
• B) task groups
• C) command groups
• D) cross-functional teams
• E) virtual teams

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Definitions:

Rate of Return

A measure of the gain or loss on an investment over a specific period, expressed as a percentage of the investment's initial cost.

Current Stock Price

The price of a single share of a company's stock as currently traded on the stock exchange.

Market Rate of Return

The average rate of return anticipated by investors on investments in a specific market.

Last Dividend

The most recent dividend payment made to shareholders by a company.