________ Teams Allow People to Collaborate Online

question 21

Multiple Choice

________ teams allow people to collaborate online.

• A)Cross-functional
• B)Self-managed
• C)Virtual
• D)Problem-solving

---

Definitions:

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Allocated Efficiently

Refers to the optimal distribution of resources and goods in a way that maximizes the welfare or utility of consumers.

External Costs

Expenses that a business or economic activity imposes on unrelated third parties or the environment, which are not reflected in market prices.

External Benefits

External Benefits are positive effects of a production or consumption activity on third parties who did not directly participate in the economic transaction.