What are virtual teams and what are two potential problems with using them? How can these problems be avoided?
What will be an ideal response?
Virtual teams involve the use of electronic media, including e-mail, internet, and teleconferencing to link together members of a geographically dispersed project team. Virtual teams can have great difficulty building trust and establishing the best modes of communication. In order to combat these difficulties, project managers should try to augment virtual communication with face-to-face opportunities and try to establish a code of conduct among team members.
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A statistics professor has noted from past experience that a student who follows a program of studying two hours for each hour in class has a probability of 0.9 of getting a grade of C or better, while a student who does not follow a regular study program has a probability of 0.2 of getting a C or better. It is known that 70% of the students follow the study program. Find the probability that a student who has earned a C or better grade, followed the program.
What will be an ideal response?
Unearned revenues that will be earned in a relatively short period of time are listed on the balance sheet as current assets
Indicate whether the statement is true or false
When using CVP analysis, why is it important to consider qualitative factors? Provide one example of a qualitative factor and explain how it might affect a decision
McCann Construction purchased a poured concrete form from Advance Concrete Forms, Inc McCann purchased the concrete form by placing a phone call to Advance in Madison, Wisconsin. Advance delivered the concrete form with an invoice stating the terms of
the sale required payment within 30 days and a 1 1/2 % interest per month finance charge would be charged on accounts over 30 days. When McCann failed to pay the invoice on time, interest was charged according to this rate. Later, McCann refused to pay the accumulated interest charge, claiming there was not a meeting of the minds regarding the finance charge in any conversation prior to the sale. The trial court concluded that the finance charge was in fact an additional term added by Advance when it accepted McCann's purchase order. Discuss Uniform Commercial Code Section 2-207 in general and with regard to this situation. Does McCann owe the interest accrued?