Teams Differ from Groups Because ________

question 25

Multiple Choice

Teams differ from groups because ________.

• A) teams have no limits on the number of members, while groups have a restricted membership
• B) members of teams work independently of each other, while those in groups show greater dependence on each other
• C) members of teams work toward individual goals that may or may not be related, while groups have a common goal
• D) teams are constructed to be purposeful (symbiotic) in their member interaction
• E) teams have a no fixed duration, while groups have a fixed duration

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Definitions:

Social Planner

A theoretical decision-maker in economics who aims to achieve optimal outcomes for society by considering the allocation of resources and distribution of goods and services.

Subsidy

A payment made by the government to a firm, industry, or individual, usually to encourage the production of a certain good or service or to reduce its price for consumers.

Output

The quantity of goods or services produced in a given time period, by a firm, industry, or country.

Internalized

The process of incorporating external costs or benefits into one's own decision-making criteria.