The terms “teams” and “groups” are often used interchangeably. Compare the two terms as they apply to organizations.
What will be an ideal response?
A group usually consists of three or more people who work independently to attain
organizational goals. For example, in a small business, there might be three people in
the marketing department; one might be focused on sales, another on branding, and a
third on the administration associated with those tasks. In contrast, teams consist of a
number of people, usually between three and seven, who use their complementary
skills to collaborate in a joint effort. Teams with fewer than three people tend not to
derive the benefits of a collaborative team. Teams with more than seven people tend to
have communication and control issues.
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Informational efficiency has to do with the speed and accuracy of processing a buy or sell order at the best available price
Indicate whether the statement is true or false.
Which activities do human resource components perform?
A. Track employee information including payroll, benefits, compensation, performance assessment and assumes compliance with the legal requirements of multiple jurisdictions and tax authorities. B. Handle the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting and quality control. C. Manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting and asset management. D. None of the above.
A current ratio of 2.5 means that for every dollar of:
A. current liabilities, there is $2.50 of current assets. B. current assets, there is $2.50 of current liabilities. C. total liabilities, there is $2.50 of cash. D. accounts payable, there is $2.50 of cash.
Stephanie is a supervisor and is concerned with the work performance of Dan, one of her subordinates in the office. Stephanie knows the information is sensitive and is worried about how Dan will react
She wants to be able to gauge his reactions to what she has to say. What is the BEST way for Stephanie to communicate her concerns to Dan in this particular situation?a. sending a business memo b. sending an e-mail c. making a phone call d. having a face-to-face meeting