Final answer:
Process loss due to coordination within teams is known as transaction or coordination costs, which are resources expended in communication and decision-making. It can lead to reduced efficiency, social loafing, and opportunity costs from activities like off-site retreats.
Step-by-step explanation:
The term for process loss due to the time and energy it takes to coordinate work activities with other team members is often referred to as transaction costs or coordination costs. These costs represent the time, effort, and other resources required to manage the communication and decision-making processes within a team. When members generally agree on the goals but differ on specifics, coordination becomes challenging.
Add to this issues such as social loafing, where individuals exert less effort because their performance is not evaluated separately from the group, as well as problems like research fatigue and the resulting staff burnout, the overall team efficiency can be greatly reduced. Moreover, opportunity costs can occur when team activities, such as attending an off-site retreat, prevent employees from performing other work duties, thereby entailing not just out-of-pocket expenses but also productivity losses.