The employees of a firm's R&D wing and sales and marketing department were asked to form teams. Within these teams, the members from R&D were required to explain the features of the new products in detail to the employees of the sales and marketing department. This helped the sales and marketing team to promote the company's products better. This an example of the use of ________.
A. cross-functional teams
B. task forces
C. communities of practice
D. cross-cultural teams
Answer: A
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A company issued 4,000 shares of $5 par common stock for $30 per share. The company purchased 1,200 shares as treasury stock at $32 per share. Later, the company reissued 400 shares of the treasury stock at $34 per share. Which of the following is true?
a. The Treasury Stock account should have a balance of $25,600. b. The company has a gain of $800 that should appear on the income statement. c. The Treasury Stock account should have a balance of $24,800. d. The company has a gain of $1,600 that should appear on the income statement.
The accounting concept that requires financial statement information to be supported by independent, unbiased evidence is:
A. Time-period assumption. B. Objectivity principle C. Business entity assumption. D. Going-concern assumption. E. Revenue recognition principle.
A consulting firm has received 2 Super Bowl playoff tickets from one of its clients. To be fair, the firm is randomly selecting two different employee names to "win" the tickets. There are 6 secretaries, 5 consultants, and 4 partners in the firm
Which of the following statements is true? A) The probability of a partner winning on the second draw given that a partner won on the first draw is 3/14. B) The probability of a secretary winning on the second draw given that a secretary won on the first draw is 2/15. C) The probability of a consultant winning on the second draw given that a consultant won on the first draw is 5/14. D) The probability of a partner winning on the second draw given that a secretary won on the first draw is 8/30. E) None of the above are true.
The __________ is a graphical display providing cumulative values for frequencies, relative frequencies, or percentages
a. stem-and-leaf display b. dotplot c. line graph d. pie chart e. ogive