*Virtual team members have great flexibility because they are able to work anywhere, including their own homes *Organizations value the virtual team model because it saves on travel costs by eliminating in-person meetings and allows for greater sharing of information between employees from different countries *The disadvantages to working in a virtual team include differences between countries, which can cause confusion. *Lack of face-to-face contact can result in miscommunication *Cultural differences can also be the reason for misunderstandings
What will be an ideal response?
*Size of a team. Depends on the task the team needs to perform. In general, teams tend to consist of four
to seven members
*Skills and abilities. Is the way talent interacts in the context of team processes that brings results
*Personality. Teams typically need a balance between extraverts and introverts
*Diversity. Typically, team members who share common interests or similarities in values, personalities,
and interests tend to have positive social relationships with each other, which helps the team to be more
effective
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When two or more individuals engage in an enterprise as co-owners, the organization is known as a
a. single proprietorship. b. corporation. c. partnership. d. closed corporation.
Your new firm is operating in an all-cash environment without taxes. You sold $1,000 of inventory for three times the amount you paid for it. The accounting entries you would make for this transaction are:
A) $1000 increase in cash, $1,000 decrease in inventory. B) $2,000 increase in cash. C) $3,000 increase in cash, $1,000 decrease in inventory, $2,000 increase in accounts receivable. D) $3,000 increase in cash, $1,000 decrease in inventory, $2,000 increase in retained earnings.
At age 20, Zia purchased a 20-payment life insurance policy with face value of $415,000. She is now 40 and wants to cancel her policy. Use Table 19-3 from your text to calculate the amount of reduced paid-up insurance to which she is entitled
A) $41,500 B) $354,665 C) $382,530 D) $415,000
Many ________ cultures stress the importance of a collective self, in which the person's identity is derived in large measure from his or her social group.
a. Eastern b. Northern c. Western d. Southern