Which of the Following Statements About Groups Is True

question 36

Multiple Choice

Which of the following statements about groups is true?

• A) The definition of groups suggests that a group is two or more people put together for any reason.
• B) Groups can be either formal or informal.
• C) You need five or more people to be considered a work group.
• D) Formal groups are aimed at specific social agendas.

---

Definitions:

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Accrued Revenues

Revenues that have been earned but not yet received in cash or recorded at the statement date.

Current Liabilities

Obligations or debts that are due to be paid within one year or within the business's operating cycle, whichever is longer.

Financial Statements

Consolidated documents that present the financial activities and condition of an organization or individual.