When Different Managers from Different Functional Areas Are Brought Together

question 29

Multiple Choice

When different managers from different functional areas are brought together to work on an organizational task, they are known as a(n) ________ team.

• A)functional
• B)co-dependent
• C)cross-functional
• D)independent

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Definitions:

Bonds Payable

Long-term debt securities issued by a corporation or government entity, promising to pay the holder a specified amount of interest over a specified period and to repay the principal at maturity.

Net Cash

The amount of cash after subtracting cash outflows from cash inflows.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Noncurrent Asset

Long-term assets that are not expected to be converted into cash or used up within one year or the operating cycle, such as buildings or equipment.