Which of the Following Helps Explain the Current Popularity of Teams

question 4

Multiple Choice

Which of the following helps explain the current popularity of teams? Teams ________.

• A) are easier to manage
• B) better utilize employee talents
• C) are less expensive
• D) promote socialization and cohesion
• E) increase the speed of decision making

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Definitions:

Variable Cost

A cost that varies with the level of output or sales, such as materials and labor directly involved in production.

Measure Of Activity

A quantifiable metric used to assess the level of operation or output, often tied to performance or productivity evaluation.

Variable Cost

Charges that fluctuate based on the quantity of output or level of sales.

Fixed Cost

Costs that remain unchanged regardless of the level of production or sales activity, such as rent, salaries, and insurance premiums.