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You will be joining in a weekly project team status meeting, along with 10 other team members. The meeting will take place by conference call, with only two of the participants located in the same office. What is this an instance of?

A Virtual team

Negotiation and staff assignments don’t pertain to where a team member is located. That leaves virtual team and colocation. Virtual team includes project team members who are located at different locations, often never even meeting face to face. This can include working from home offices, from a remote location in general, and at different company sites. Colocation is when project team members are brought to work together at the same physical location. Based on these descriptions, a virtual team is the correct choice.