Which of the Following Best Describes the Norming Stage

question 49

Multiple Choice

Which of the following best describes the norming stage?

• A)It allows every individual team member to give up his or her preconceived judgments and opinions.
• B)It recognizes that differences of opinion exist among team members and allows these ideas to compete for consideration.
• C)A team meets to learn about a project,agrees on basic goals,and begins to work on project tasks.
• D)Team members have become interdependent on one another and have developed an effective decision-making process that does not require the project manager.

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Definitions:

High Start-Up Costs

The significant initial investment required to establish a new business, which can include expenses related to research and development, manufacturing, marketing, and administrative infrastructure.

Few Competitors

A market condition where only a small number of firms operate, often leading to higher prices and reduced competition.

Oligopoly

Market structure in which relatively few sellers compete and high start-up costs form barriers to keep out new competitors.

Planned Economy

Economic system in which government controls determine business ownership, profits, and resource allocation to accomplish government goals rather than those set by individual firms.