Which of the following is considered the most important factor in determining how well a team will perform?
A) A shared sense of purpose
B) The right mix of creative talent
C) Full engagement of team members
D) Strong communication skills
E) Clear objectives
Answer: D
Explanation: D) Effective teams share a number of traits, including a clear objective, a shared sense of purpose, full engagement from all team members, procedures for reaching decisions by consensus, and the right mix of creative and technical talents for the tasks at hand. While all these traits contribute to team success, the single most important factor is how well the team members communicate.
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The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 280,000 Total assets $375,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity—Common 220,000 Total liabilities and stockholders' equity $375,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 15,000 Net income $30,000 Number of shares of common stock 6,000 Market price of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the rate earned on stockholders' equity? a. 7.3% b. 13.6% c. 20.5% d. 40.9%
Which of the following transactions does not affect the total assets of Horizon Sailing Corp?
a. A bill is received for the telephone service used by Horizon Sailing during the past month. b. Dividends are paid by Horizon Sailing. c. Customers are billed for sales made on credit by Horizon Sailing. d. A new computer is purchased on credit by Horizon Sailing.
April and other employees of Bodegas & Bistros Inc (2B) maintain a password-protected social media page to "vent about work.". When 2B learns of the page, the company intimidates April into revealing the password, and after reviewing the posts, fires her and the other participants. Most likely, this is
a. a violation of the Stored Communications Act. b. within 2B's rights as an employer. c. a subject for dispute resolution by the communications providers that the employees' page uses. d. a "business-extension exception" under the Electronic Communications Privacy Act.
In the 5 C's of credit analysis, ________ is the ability of the borrower to pay
A) Capacity B) Capital C) Character D) Collateral E) Collections