<span>The type of arrangement where the
members of a cross-functional team have an informal agreement that
whenever a team member goes out of town on business, that the team member
will leave a phone number where he can be reached by the other members
of the team is known as group norm.</span>
Answer:
A. Punctuated equilibrium
Reason:
Definition is a sequence of team development during which not much gets done until the halfway point of a project, after which teams make necessary changes to complete the project on time.
Answer:
B) False
Explanation:
Under the cost benefit analysis a statement is prepared in order to compute the financial aspects of the transaction.
This clearly provides for the estimate to be made towards all the transactions.
But there is a problem in such analysis that exact estimate or even nearby estimate in terms of amount is not feasible to be computed of benefits and cost as well.
And significantly all the benefits can not be traced monetarily.
Answer: D. benefit or hurt another agent who is not part of the exchange relationship.
Explanation: Externality is a benefit or hurt to another agent who is not part of the exchange relationship. It can be positive or negative.
Majorly it affects the people around who has nothing to do with the effect itself.
After Hurricane Sandy, FEMA (the Federal Emergency Management Agency) advertised on a New Jersey radio station how people affected by the hurricane could file for assistance. In the political marketplace, the decision-makers in FEMA are best characterized as bureaucrats. This is further explained below.
<h3>What are
bureaucrats?</h3>
Generally, Officials who operate in a huge administrative system are called bureaucrats.
In conclusion, Federal Emergency Management Agency (FEMA) advertised on a New Jersey radio station how residents impacted by Hurricane Sandy may apply for aid after the storm. FEMA's decision-makers are best described as bureaucrats in the political marketplace.
Read more about bureaucrats
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