Cory Is on a Team at Her Office That Consists

question 102

Multiple Choice

Cory is on a team at her office that consists of 10-15 employees who take on the responsibilities of their former managers.It can be said that she is working on a

• A)quality circle.
• B)cross-functional team.
• C)work group.
• D)self-managed team.
• E)virtual team.

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Definitions:

Break-even Point

The point at which total costs equal total revenues, indicating that a business is neither making a profit nor a loss.

Fixed Costs

Costs that do not change in total with changes in activity level over a relevant range, such as rents, salaries, and insurance premiums.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in zero profit or loss.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.