________ distinguishes groups and teams.
A. The presence of a formally appointed leader
B. Size (groups are typically limited in size)
C. Scope of activities
D. Depth of commitment
Answer: D
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If the auditor's assessment of the materiality of the account balance is high, what would be the respective effect on the extent of substantive testing and the nature of procedures performed? Extent of Tests Nature of Procedures
a. Less More rigorous b. Less Less rigorous. c. More Less rigorous d. More More rigorous
Sometimes supplier selection is based on ________, which means a buyer and a seller agree to purchase each other's goods and services even though the terms of the sales may not be the best available
A) requisition B) reciprocity C) customer references D) outsourcing E) reverse marketing
The field trip report often provides the final data for the decision, but may
A. suggest that the market entry decision is overdue. B. not be necessary if earlier data are unambiguous. C. further confound the decision in the case of conflicting assumptions. D. lead to the need for on-site research.
According to Tuckman’s stage model of groups, task forces and crews would proceed to the ______ stage once the task was completed.
A. forming B. performing C. adjourning D. storming