Which of the Following Is True of Work Teams

question 103

Multiple Choice

Which of the following is true of work teams?

• A) They operate separately from the regular work structure of the firm on a temporary basis.
• B) They typically are well defined and a clear part of the formal organizational structure.
• C) They are the least common types of teams found in organizations.
• D) They only exist in a traditional work environment.
• E) They are not directly involved in manufacturing or providing services, but they support other teams that are involved in these activities.

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Definitions:

Percent Per Year

A rate or proportion of a quantity expressed as a fraction of 100 per annum.

Inflation

The speed at which the average price of goods and services increases, resulting in a reduction of money's buying power.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Lenders

Lenders are individuals or institutions that provide funds to others with the expectation that the funds will be repaid, usually with interest.