Which of the following is true of homogeneous groups?
A. Homogeneous groups are most suitable for complex and creative tasks.
B. Homogeneous groups have broader skills and knowledge than heterogeneous groups.
C. The members of homogeneous groups can examine problems from different points of view.
D. The members of homogeneous groups have a lot in common.
Answer: D
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Sapphire Toys actually sells more than toys. It also sells branded clothing, music CDs, and books for children. This expansion of dealership sales offerings is an attempt to increase the value of the customer base by ________
A) reducing the rate of customer defection B) increasing the longevity of the customer relationship C) enhancing the growth potential of each customer through cross-selling D) making low-profit customers more profitable E) terminating low-profit customers
The power of an agent to do whatever is reasonable and customary to carry out the agency purpose is given by:
a. express authority b. verbal authority c. quasi authority d. false authority e. none of the other choices are correct
A probability distribution is bounded if there are values A and B such that:
a. A and B represent the 95% confidence interval b. A and B are the mean and standard deviation, respectively c. A and B are the mean and variance, respectively d. no value can be less than A or greater than B
Kline Company accrued wages of $7,350 that were earned by employees unpaid at the year- end. Assuming Kline uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?
A) Debit Wages Expense $7,350; credit Cash $7,350. B) Debit Wages Expense $7,350; credit Wages Payable $7,350. C) Debit Wages Payable $7,350; credit Cash $7,350. D) Debit Cash $7,350; credit Wages Expense $7,350. E) Debit Wages Payable $7,350; credit Wages Expense $7,350.