A work team that works to accomplish tasks that require people with specialized training and a high degree of coordination is called a(n)
A. production team.
B. project team.
C. development team.
D. action team.
E. advice team.
D. action team.
Action teams work to accomplish tasks that require people with (1) specialized training and (2) a high degree of coordination, as on a baseball team, with specialized athletes acting in coordination.
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The first step in ensuring the production of high-quality products is to have a sound product design
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
The key belief that distinguishes the mainstream economics school from the institutional labor economics school (or industrial relations school) is the notion that labor markets can live up to the ideal of perfect competition. According to the industrial relations school, market imperfections create a significant imbalance of power to the point that employers can exercise a vast degree of control and influence over their employees. Proponents of the industrial relations school of thought, are concerned with finding ways to increase workers' bargaining power through collective bargaining. The underlying theme of the critical industrial relations school of thought is that the class that holds the greatest power in society can dictate the rules and control institutions in ways that serve their own interests, hence keeping others from improving their lot in life. According to the critical industrial relations school, the cause of the labor problem is that the capitalistic class has control over both society's institutions and the means of production.
The ratio of SG&A/Revenue is an indicator of a firm's focus on
A. marketing and sales to promote its products and services. B. producing a good in an efficient manner. C. creating a good that is cost-effective. D. researching to produce innovative products and services.