You Are Part of a Four-Person Group Working on a Class

question 83

Multiple Choice

You are part of a four-person group working on a class project.Whenever meetings get tense Sally cracks a joke that relaxes tension.Sally's consistent actions are an example of

• A)social inhibition
• B)a formal role.
• C)an informal role.
• D)social loafing.

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Definitions:

Bank Reconciliation

The process of comparing and adjusting the balance shown in an organization's bank statement, with the balance shown in its own financial records.

Deposits In Transit

Funds that have been deposited in a bank account but not yet recorded by the bank in the account balance, often due to timing differences.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against, leading to a "non-sufficient funds" status.

Petty Cash Fund

A small amount of cash kept on hand for minor, immediate expenses.