Nick, the director of manufacturing at a large electronics company, has created a team of eleven employees from quality control for working on high priority projects. Nick gives the team members the responsibility of planning and scheduling their own work and making all functional decisions. Also, members of this team evaluate each other's performance. This is an example of a team.

Self-managed Work team.

Explanation:

As Nick has created a team of eleven employees from quality control for working on high priority projects. Nick has given the team members the responsibility of planning and scheduling their own work and making all functional decisions. Also, members of this team can evaluate each other's performance. This is an example of a self-managed work team. Self-managed work team are self-organized group of people who can plan, manage, organize, evaluate, control their own tasks, goals and daily day to day activities under less, reduced or almost no supervision. These teams are also referred to as self-directed teams.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

they work in some type of way