Which of the following statements is incorrect regarding founding teams?
A) The members of heterogeneous teams are diverse in terms of their abilities and experiences.
B) Teams that are working together for the first time have an advantage over teams that have worked together before.
C) The psychological support that cofounders of a new business can offer one another is an important element of a firm's success.
D) The members of homogeneous teams are very similar in terms of their abilities and experiences.
E) Studies show that more than one individual starts 50 to 70 percent of all new teams.
B
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Which of the following is not correct with regard to the Public Company Accounting Oversight Board?
A. The board can expel a registered auditing firm without SEC approval. B. All registered auditing firms must be inspected at least every three years. C. The board members must be appointed by Congress. D. The board has the authority to set auditing standards rather than utilize the work of the Auditing Standards Board.
A benchmarking team establishes goals and obtains support from the management team that agrees to provide resources for accomplishing the goals. This phase of the benchmarking process is called:
A) goal setting. B) analysis. C) integration. D) action.