What is a virtual project team and what are two challenges in managing such a team?

Fill in the blank(s) with the appropriate word(s).


Answer will vary

A virtual project team is one in which the team members are geographically situated so that they may seldom, if ever, meet face-to-face as a team. Electronic communications such as the Internet, e-mail, and teleconferencing are the primary means of communication. Two biggest challenges involve establishing trust and effective lines of communication.

Business

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Seafarer Company established a standard direct materials cost of 1.5 gallons at $2 per gallon for one unit of its product. During the past month, actual production was 6,500 units. The material quantity variance was $700 favorable and the material price variance was $470 unfavorable. The entry to charge Work in Process Inventory for the standard material costs during the month and to record the direct material variances in the accounts would include all of the following except:

A. A debit to Cost of Goods Sold for $230. B. A credit to Raw Materials for $19,270. C. A debit to Work in Process for $19,500. D. A credit to Direct Material Quantity Variance for $700. E. A debit to Direct Material Price Variance for $470.

Business

Unethical business practices typically involve the ________ cooperation of others and reflect the values, attitudes, and behavior patterns that define the operating culture of the organization.

A. explicit B. complete C. tacit D. select

Business

A 64 MB card can store over 100 medium-resolution photos, or ____ high-resolution photos.

A. 80 B. 70 C. 60 D. 50

Business

A regression model between sales (y in $1000), unit price (x1 in dollars), and television advertisement (x2 in dollars) resulted in the following function: y = 7 - 3x1 + 5x2 For this model, SSR = 3500, SSE = 1500, and the sample size is 18 . If we want to test for the significance of the regression model, the critical value of F at the 5% level of significance is

a. 3.68. b. 3.29. c. 3.24. d. 4.54.

Business