Why do groups have problems in developing creative ideas?
What will be an ideal response?
Groups may develop negative communication climates and interpersonal conflicts that discourage creativity. Conformity pressure and domineering members can also hurt creativity. Also, cognitive interference and social inhibition lead to less group creativity.
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Assets that are NOT expected to provide benefits for a number of accounting periods are called
a. property, plant, and equipment. b. long-term assets. c. fixed assets. d. current assets.
Everwood Co. had net income of $1,000,000 for the year ending December 31, 2018, its first year of operations. During this time period, Everwood also had a permanent tax difference of $120,000 and its adjusted pre-tax book income is $1,220,000. Analysts have approximated Everwood's taxable income at $735,000 for the year ending December 31, 2018. Which of the following most likely caused the difference between Everwood's book and tax income?
A. A net operating loss carryback. B. Premiums paid on life insurance on key executives where the company is the beneficiary. C. Purchases of long-lived capital assets. D. Accrued warranty expenses not yet deductible on the tax return.
Budgets are synonymous with managing an organization
Indicate whether the statement is true or false
A method of examining processes to identify and eliminate or reduce functions that add little customer value to products or services is referred to as __________________________________________________
Fill in the blank(s) with correct word