All Teams Are Groups,but Not All Groups Are Teams

question 45

Essay

All teams are groups,but not all groups are teams.Discuss the two characteristics that distinguish "teams" from "groups" and give a specific business example that clarifies this distinction.

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Definitions:

Tax Liability

The total amount of taxes an individual or organization is legally obligated to pay to a taxation authority.

Taxable Income

The amount of income used to determine how much tax an individual or a company owes to the government.

Taxable Income

The portion of an individual's or corporation's income that is subject to taxes according to federal, state, or local laws.

Tax Liability

The total amount of tax that an individual or business owes to the government.