Virtual Teams Are

question 63

Multiple Choice

Virtual teams are

• A)groups that exist throughout an organization and include customers and suppliers.
• B)groups that use technology to accomplish their tasks and communicate with other groups in the organization.
• C)groups of people who have expertise in technology and are always available when a task needs to be completed.
• D)groups that use technology to communicate and collaborate across time, space, and organizational boundaries.
• E)groups of individuals who are always available when the organization needs to form a team.

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Definitions:

Rival in Consumption

A good is termed a rival in consumption if its use or consumption by one individual prevents its use or consumption by another individual.

Excludable

A characteristic of a good or service that allows owners to prevent its use by people who have not paid for it.

Private Markets

Markets in which transactions are conducted directly between parties, often involving assets not publicly traded, such as private equity and real estate.

Lighthouses

Towers equipped with navigational lights and other signaling equipment designed to guide ships and warn them of hazards at sea or along coastlines.