One of the Primary Differences Between a Team and a Group

question 35

True/False

One of the primary differences between a team and a group is that teams are more likely than groups to develop explicit rules for how the tasks should be accomplished.

---

Definitions:

Consumer Surplus

The variance between a consumer's maximum price readiness for a product or service and the real payment made.

Marginal Buyer

The consumer whose desire or need for a product is the least among all buyers, often determining the highest price they're willing to pay in a market.

Demand Curve

A chart that illustrates the connection between a good's price and the amount that consumers want to purchase.

Consumer Surplus

The cleavage between the cumulative amount that consumers are willing to disburse for a good or service and their actual expenditure.