The term for two or more workers working together to accomplish a common goal is a 'team'. An example of a team is workers on an assembly line, each responsible for a specific task leading to a final product. The effectiveness of a team though depends on the synergy among its members.
The term for two or more workers functioning together to achieve a common goal or purpose is called a team. This term is frequently used in the business and corporate world. Teams are formed in response to various factors like shifts in technology, economics, globalization, and changes in workplace demographics.
One applicable example of team-working is an assembly line, where the labor is divided among different individuals, each responsible for a specific task (as shown in Figure 1.4). All the team members' work is interconnected and necessary for the accomplishment of the final product, thus working towards a common goal.
Team structures, however, do not always guarantee enhanced productivity, and are an active area of research. The effectiveness of a team greatly depends on the coordination, cooperation and communication among its members.
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B. The consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) combined.
C. Consumption as a fraction of total GDP in the U.S. is larger compared to all other high income nations in the world.
D. Spending on services is smaller than the amount of consumption spending on durable and nondurable goods.
The statement that the consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) combined is not correct.
B. The consumption component of GDP in the U.S. is greater than all three of the other components (government, investment, and net exports) combined, is not correct. The correct statement would be that the consumption component of GDP in the U.S. is larger than the government and net exports components combined, but smaller than the investment component. The consumption component of GDP includes spending on goods and services by households, while the investment component includes spending on capital goods and structures by businesses.
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The incorrect statement is option D: Spending on services is not smaller than consumption spending on durable and nondurable goods. In fact, in developed economies, spending on services exceeds spending on goods.
The incorrect statement about the consumption component of GDP is option D. Spending on services is actually larger than the amount of consumption spending on durable and nondurable goods. This is especially true in developed economies, like the United States, where spending on services, such as healthcare, education, and entertainment, tend to exceed spending on tangible goods. It is certainly true that since 1960 there has been a general trend of increase in consumption as a fraction of GDP (option A), and that the consumption component of GDP is the largest among the components - exceeding government spending, investment, and net exports combined (option B). However, it's not necessarily the case that the US's consumption as a fraction of GDP is larger than all other high-income nations (option C).
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b. in surplus.
c. balanced.
d. debunked.
a. two-thirds
b. one- half
c. three- tenths
d. all of jobs
Answer:
two thirds of jobs will need college education by 2018