A Work Team Composed of People from Different Functional Areas

question 20

Multiple Choice

A work team composed of people from different functional areas of the organization who are all focused on a specified objective is known as a ________.

• A)task group
• B)cross-functional team
• C)command group
• D)special-purpose group
• E)self-directed team

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Definitions:

Income and Losses

Income and losses refer to the financial results of a company's operations, with income indicating profit and losses indicating expenses exceeding revenues.

Capital Interest

The portion of an investment or interest in a partnership that represents the owner's or partner's share of the capital.

Partnership Interest

The share or portion that a partner owns in a partnership, including rights to profits and decision making.

Capital Account

An account showing the net worth of a business at a specific point in time, including resources owned and liabilities owed.