Answer the following statements true (T) or false (F)
1. One key feature of a team is that members work together toward a common goal for which they all are accountable.
2. An important distinction of teams from groups is how often they work together.
3. Social identification in groups is based on an “us vs. them” mentality.
4. Under work conditions where the scientific management approach is best, teams are not needed.
5. There is a clear and commonly agreed upon distinction between groups and teams.
1. True
2. False
3. True
4. True
5. True
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Blecker Corp made cash sales to customers. What effect does this transaction have on the accounting equation?
a. Liabilities increase and stockholders' equity increases. b. There is no effect on the accounting equation as one asset account increases while another asset account decreases. c. Assets increase and liabilities increase. d. Assets increase and stockholders' equity increases.
Which of the following would NOT be a merchant under Article 2 of the UCC?
A) The owner of a hardware store which sells paint B) A car mechanic who fixes used cars and sells them in his spare time C) A person who inherits three speedboats and wants to sell them to buy a car D) None of these are merchants.
A mail offer accepted by mail is effective when the acceptance is mailed
Indicate whether the statement is true or false
________ results in smaller and less complex systems that are easier to understand than larger, complicated systems
A) Cohesion B) Compaction C) Modularity D) Chopping E) Reduction