Can I create an approval workflow?

Is there a way to send the email notification to a few different members of a team who all have to approve the submission?

Yes, you can do this.

Please check the example provided here by one of my colleagues: http://www.jotform.com/answers/508724#508949 and let us know if it would work for you?

Here: http://www.jotform.com/help/167-How-to-send-to-a-specific-email-address-based-on-a-selection you can see specifically how to send an email based on a condition.

If you've further questions, please let us know.