An example of a virtual team is a group of employees who participate in a motorcycle riding group that meets outside of the company.
A virtual team, sometimes referred to as a remote team, is made up of individuals who communicate and work via technology like audio and video conferencing from geographically separate locations.
<h3>What is a Virtual Team?</h3>
A virtual team, sometimes referred to as a geographically dispersed team or a remote team, is a collection of individuals who communicate with one another online. Members of a virtual team typically reside in several geographic locations.
- Remotely working groups of coworkers are known as virtual teams. These coworkers communicate via tools like email, Slack, and Zoom while working remotely rather than in an office. These coworkers work together online and hardly ever interact in person.
- The same characteristics consistently appear in studies and lists: empathy, justice, listening and communication skills, sincerity, and decision-making. Teams are motivated and inspired by leaders.
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Answer: suggests that the firm's previous choices were not the best ones.
Explanation: For a long-tenured top-level manager to make such proclamation, shows the inefficiencies of the firm which he is a part of. He obviously has been with the firm for a very long time and making that proclamation will also be a dent in his image as a manager.
Answer:
Explanation:
tax rate applicable for the year 2017 for married people filing separately is 28% + 14693.75 for taxable income pver $75600.
total tax = $80000 + $30000 = $110000
marginal rate = (total tax at $110000 - total tax at $80000)/($110000 - $80000)
= [(28%(110000 - 75600) + 14693.75) - 28%(80000 - 75600) + 14693.75)]/(110000 - 80000)
= ($24325.75 - 15925.75)/(110000 - 80000)
= 28%
Answer:
e. price elasticities of demand for apples and oranges are the same over these price ranges
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Price elasticity = percentage change in quantity demanded / percentage change in price
Percentage change in price = (50-40) / 50 = 0.2 × 100 = 20%
Percentage change in quantity demanded of Apples = (120 - 100) / 100 = 0.2 × 100 =
20%
Percentage change in quantity demanded of oranges = (240 - 200) / 200 = 0.2 × 100 = 20%
Price elasticity of demand for oranges = 20% / 20% = 1
Price elasticity of demand for Apples = 20% / 20% = 1
When coefficient of elasticity is equal than one, elasticity of demand is unit elastic.
This implies that the elasticity of demand for Apples and oranges are the same. A change in the price of oranges and apples would lead to the same proportional change for each of the demand for Apples and oranges.
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Answer:
c. Increased competition
Explanation:
This is an example of increased competition. When there is no trade, local producers have a monopoly on their industry. Because of this, they are able to decide on their own how they want to price their products. When trade exists, consumers are able to buy goods from more producers at fairer prices. This forces the local producers to lower their prices in order to remain competitive.