Which of the Following Is True of Teams

question 67

Multiple Choice

Which of the following is true of teams?

• A) A team consists of two or more people who work independently, with distinct goals and strategies.
• B) A team works over some time period to accomplish common goals related to some task-oriented purpose.
• C) Groups are formed with a specific purpose in mind, while teams do not have a specific goal.
• D) The members of a team operate relatively independently of each other, and other members are not essential to their accomplishment of goals.
• E) Interactions among members within teams are more personal and informal than interactions between people in groups.

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Definitions:

Dodd-Frank Wall Street Reform and Consumer Protection Act

A comprehensive piece of financial reform legislation passed in 2010 in response to the financial crisis, aimed at reducing risk in the U.S. financial system.

Reserve Requirement

The Reserve Requirement is a central bank regulation that sets the minimum amount of reserves each bank must hold to customer deposits and notes.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, pension funds, investment companies, and credit unions, facilitating the flow of money in the economy.

Failed Banks

Financial institutions that have been unable to meet their obligations, leading to closure or takeover by a regulatory agency.