Describe the four characteristics most commonly associated with a team composition as stated in the textbook.
What will be an ideal response?
(1) Size of a team depends on the task the team needs to perform. In general,
teams tend to consist of four to seven members. (2) Skills and abilities are the way
talent interacts in the context of team processes that brings results. (3) Personality:
Teams typically need a balance between extraverts and introverts. (4) Diversity:
Typically, team members who share common interests or similarities in values,
personalities, and interests tend to have positive social relationships with each other,
which helps the team to be more effective.
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On April 30, Gomez Services had an Accounts Receivable balance of $25,700. During the month of May, total credits to Accounts Receivable were $60,400 from customer payments. The May 31 Accounts Receivable balance was $20,000. What was the amount of credit sales during May?
A. $66,100. B. $37,600. C. $54,700. D. $5700. E. $60,400.
________ is a situation in which one party threatens to do a wrongful act unless the other party enters into a contract
A) Scienter B) Duress C) Battery D) Assault
Caroline owns an online jewelry store. She has developed a smartphone application for her business that allows her customers to take their pictures and try out virtual jewelry over those pictures before placing the orders. The opportunity of _____ is highlighted in the given scenario.
A. providing personal customer service B. having lower overhead costs C. using technology D. exploiting market niches
Compare and contrast the three major types of purchases made by business customers.
What will be an ideal response?