Teams that operate separately from the regular work structure of a firm on a temporary basis are known as ________ teams.
A) management
B) parallel
C) self-designing
D) self-managed
E) transnational
B) parallel
Explanation: Parallel teams operate separately from the regular work structure of the firm on a temporary basis. Members often come from different units or jobs and are asked to do work that is not normally done by the standard structure.
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An auditor would consider internal control over an entity's payroll procedures to be ineffective if the payroll department supervisor is responsible for:
A. updating employee earnings records. B. having custody over unclaimed paychecks. C. hiring subordinate payroll department employees. D. applying pay rates to time tickets.
When viewing tabulated research results, readers or listeners need exact statistics rather than rounded fractions and percentages
Indicate whether the statement is true or false
The opportunity loss function gives us information about
A) the variable costs we should expect to incur. B) cost and revenues as a function of demand. C) the number of products we should expect to sell. D) profits lost if demand is less than the break-even point. E) None of the above
Companies with high P/E ratios tend to also have high dividend payout ratios
Indicate whether the statement is true or false.