All of the following are common reasons for forming cross-functional teams except:
A. to pull together individuals from a variety of specialties.
B. to minimize physical location requirements that a company occupies.
C. to make decisions.
D. to address operational problems from many perspectives.
E. to engage in planning exercises.
Answer: B
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Which of the following account names should not be used in modern practice?
a. Reserve for Bad Debts b. Allowance for Bad Debts c. Uncollectible Accounts Expense d. Allowance for Doubtful Accounts
Which of the following is TRUE of Codes of Conduct?
a. Workshops should touch briefly on Codes of Conduct but not focus on them. b. New hires are typically the most familiar with the code of conduct because it is part of their new hire package. c. A code of conduct is typically longer than a code of ethics. d. A code of conduct usually offers just ten or so broad guidelines for proper behavior in the place of work.
If a company's inventory turnover increases from 8 to 10, then its cash conversion cycle will also
increase, i.e., get longer. Indicate whether the statement is true or false
The payor bank and the drawee bank are two separate banks
Indicate whether the statement is true or false