The Purpose of Multifunctional Teams Is To_____________

question 5

Multiple Choice

The purpose of multifunctional teams is to_____________ .

• A) allow organizations to concentrate on their internal environments and ignore the external environments until they have completed the brainstorming process
• B) were primarily used by dot-coms and are no longer popular
• C) speed innovation through early identification of new ideas or problems that would typically not have been generated until much later
• D) do not typically use milestones because of group cohesiveness
• E) replace organizational structures on a typical organizational chart

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Definitions:

Mark-up

The amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.

Sweater

A knitted garment typically with long sleeves, worn over the upper body.

Overhead Expenses

General business expenses not directly attributable to a specific product or service, such as rent, utilities, and administration costs.

Break-even Price

The price at which total costs and total revenue are equal, resulting in no net gain or loss.