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

question 96

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:

Supply-Side Economists

Economists who believe that reducing tax rates and deregulating markets to facilitate the supply of goods and services are the best ways to stimulate economic growth.

High Tax Rates

Elevated percentages of an individual's or company's income that must be paid to the government, affecting disposable income and investments.

Laffer Curve

A theoretical representation suggesting that there is an optimal tax rate that maximizes revenue without discouraging economic activity.

Classical Economists

Economists and thinkers primarily from the 18th and 19th centuries, such as Adam Smith, David Ricardo, and John Stuart Mill, who focused on developing theories about the workings of market economies.