You Are Vice-President of a Division of a Large, Multi-National

question 87

Multiple Choice

You are vice-president of a division of a large, multi-national company that makes electronic equipment for consumers and the military. Your company has several teams and there are several managers managing those teams. Joan, your director of accounting, has created a team of seven employees from the accounts payable department who meet for three hours a week to discuss ways of improving quality, efficiency and the work environment. This is an example of a ________ team.

• A) problem-solving
• B) self-managed
• C) cross-functional
• D) virtual
• E) task-resolution

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Definitions:

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic business practices and promotes fair competition.

Monopolies

Situations or sectors where a single company or entity has exclusive control over a particular good or service, limiting competition.

Unilaterally

An action or decision made by one party or individual without the agreement or participation of others.

Colgate Doctrine

A legal principle allowing manufacturers to set minimum retail prices for products under certain conditions without violating antitrust laws.