Explain the difference between a working group and a team.
What will be an ideal response?
Student answers will vary but should demonstrate understanding of how a working group is different from a team. The words group and team often are used interchangeably. Modern managers sometimes use the word teams to the point that it has become a cliché; often they talk about teams while skeptics believe there is no real teamwork. A working group is a collection of people who work in the same area or have been drawn together to undertake a task, but do not necessarily come together as a unit and achieve significant performance improvements. A real team is formed of people (usually a small number) with complementary skills who trust one another and are committed to a common purpose, common performance goals, and a common approach for which they hold themselves mutually accountable.
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In Hong Kong and Singapore, efficient postal services, highly educated populations, wide use of credit cards, and high per capita income are attracting the attention of catalog marketers
Indicate whether the statement is true or false
All of the following are points of difference for Chobani Greek Yogurt EXCEPT:
A. a bit lower in protein than regular yogurt. B. a straining process that removes excess liquid whey. C. a shorter, wider cup that is more visible on retailers' shelves. D. preservative-free. E. proprietary animal-based thickener to make its "Greek-style" yogurts.
How many people worldwide now belong to the consumer class?
A) around 245 million B) around 123 million C) around 1.7 billion D) around 4.6 billion
Alvez reports net income of $310,000 for the year ended December 31. It also reports $96,300 depreciation expense and a $10,300 loss on the sale of equipment. Its comparative balance sheet reveals a $41,400 increase in accounts receivable, a $10,500 decrease in prepaid expenses, a $15,700 increase in accounts payable, a $12,900 decrease in wages payable, a $77,200 increase in equipment, and a $103,000 decrease in notes payable. Calculate the net increase in cash for the year.
A. $285,500. B. $208,300. C. $388,500. D. $311,300. E. $218,600.