A team composed of people from different departments who are pursuing a common objective is called a
A. quality circle.
B. problem-solving team.
C. cross-functional team.
D. virtual team.
E. work force.
C. cross-functional team.
On a cross-functional team, members are composed of people from different departments, such as sales and production, all of whom are pursuing a common objective.
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On July 1 Olive Co. paid $7,500 cash for management services to be performed over a two-year period. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On July 1 Olive should record:
A. A debit to Cash for $7,500 and a credit to an expense for $7,500. B. A credit to a prepaid expense and a debit to Cash for $7,500. C. A debit to an expense and credit to Cash for $7,500. D. A debit to a prepaid expense and a credit to Cash for $7,500. E. A debit to an expense and credit to a prepaid expense for $7,500.
Sales force management refers to hiring and training the sales force
Indicate whether the statement is true or false
An important characteristic of the new style of mentoring is that it is often
A) short term and informal. B) long term and formal. C) based on the assumption that the person being mentored will stay at the company for most of his or her career. D) based on the assumption that the person being mentored is impatient to be promoted.
Golf ball manufacturers use "Iron Mike," a machine that swings a golf club at a constant velocity, to test the distance for new golf ball designs. When using Iron Mike, the manufacturers are engaged in
A. concept testing. B. alpha testing. C. premarket testing. D. market testing. E. product development.