Leaders Consistently Struggle with the Question of How Many People

question 25

Multiple Choice

Leaders consistently struggle with the question of how many people to put on a team.Which of the following best describes the team scaling fallacy?

• A)A team's ability to adapt their strategy in the face of change and upheaval.
• B)As team size increases,people increasingly underestimate the number of labor hours required to complete projects.
• C)Adding more members of a team increases productivity but also increases the expense of the team relative to the gains on the project.
• D)Team productivity is always more innovative and productive than the sum of its members working as individuals.

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Definitions:

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing what the owner has invested or kept in the business.

Proprietorship

A business structure owned by a single individual, where the owner and the business are legally treated as the same entity.

Accounting Principles

The standardized rules and guidelines that companies are required to follow when reporting financial data, ensuring consistency, reliability, and comparability of financial statements.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owners' share of the company’s assets.