a team that assumes complete responsibility for monitoring and controlling the overall work process, as well as for assigning specific tasks to team members is known as a

Answer: Self-managed work team.

Explanation:

A self-managed work team is a team of workers given a greater amount of freedom to: control their daily operations and make decisions regarding operations in their work team.

A Self-managed work team works under a manager who slightly supervises the work activity of the team, and gives the team members freedom to carryout their duties, as the manager trusts their decisions.