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 two examples of each.

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Definitions:

Stocks

Shares of ownership in a company, representing a claim on the company's assets and profits.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Earn Revenue

The process by which businesses generate income through the sale of goods, provision of services, or other primary business activities.

Accounting Function

The process of recording, summarizing, analyzing, and reporting financial transactions of a business to oversight agencies, regulators, and the IRS.