Briefly discuss the future of virtual teams.
What will be an ideal response?
The future of virtual teams may involve new technologies (e.g., virtual reality environments). Certainly, the next generation of workers will be more comfortable with virtual teams, as they have grown up with technology.
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The Metropolitan Museum of Modern Art buys office supplies. In doing so, the Museum is acting as a member of the ________ business customer class
A) producer B) organization C) consumer D) facilitator E) reseller
Spencer Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:
A. Credit to Inventory for $127. B. Debit to Petty Cash for $200. C. Debit to Cash Over and Short for $18. D. Credit to Cash Over and Short for $18. E. Credit to Cash for $182.
In the early 21st century, community relations take place within a relatively stable environment
Indicate whether the statement is true or false
Which of the following transactions is a significant noncash investing and financing activity?
A) Land is purchased for cash. B) Bonds are issued for cash. C) Cash equivalents are purchased. D) Buildings are acquired by issuing common stock.