Foundations of Business Management Exam 1 Test Bank Complete Questions and Answers Study Guide 2025/ 2026

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Foundations of Business
Management Exam 1 Test
Bank




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of Business Management Exam 1 Test Bank.pdf 1 Foundations of Business Management Exam 1 Test Bank.pdf

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Hide definitions



team


a group of people with a common goal and complementary skills


characteristics of a team


1) shared accountability and responsibility
2) team functions interdependently
3) require stability
4) authority/decision-making power
5) operate in a social context


business


- exchange of goods and services
- profit = goal
- organization (resources)
- people, machinery, real estate
- risk mitigation




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types of teams


- manager-led, self-managing, cross-functional, virtual


factors that affect cohesiveness


size of team, similarity of values, success, exclusiveness, competition


groupthink


mob mentality (negative because everyone should still think individually and critically)


task facilitating rules


direction giving, information seeking, information giving, elaborating, urging, monitoring, process analyzing, reality
testing, enforcing


relationship building roles


supporting, harmonizing, tension relieving, confronting, energizing, developing, consensus building, empathizing,
summarizing




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