Tammy, Lisa, Bart, Madaline, and Roberto All Work at Frink

question 42

Multiple Choice

Tammy, Lisa, Bart, Madaline, and Roberto all work at Frink Electronics. Though they have not been working at the organization for terribly long, they recently went out for a drink after completing the first stage of a project. These five are in which stage of team development?

• A) forming
• B) storming
• C) norming
• D) performing
• E) adjourning

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Definitions:

Demand

The amount of a product or service that shoppers are ready and capable of buying at different price levels within a specific period.

Total Revenue

The sum of money a company earns from selling products or providing services in a specific time frame.

Elastic

Describes a situation where the quantity demanded or supplied of a good or service is highly responsive to changes in its price.