Kimberly Suspects That Some Members of Her Command Group Are

question 94

Multiple Choice

Kimberly suspects that some members of her command group are not contributing as much as other members and yet the overall goals of the group are being met. What could Kimberly do to minimize any social loafing that might be taking place?

• A)Clearly communicate to all members why each individual contribution is valuable to the organization.
• B)Offer a group reward to incentivize all members to make sure the group goals are achieved.
• C)Increase the size of the group so there is more peer pressure to perform.
• D)Make sure group goals are easily identifiable and achievable.
• E)Increase the size of the group so there are more resources than needed to accomplish group goals.

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Definitions:

Journal Entry

A record in the books of accounts that represents each transaction with debits and credits recorded to maintain the accounting equation.

Lower of Cost or Market

An accounting principle requiring inventory to be recorded at either its historical cost or its current market value, whichever is lower.

Inventory Valuation

The method used by businesses to assess their inventory's worth at the end of an accounting period, affecting financial statements and tax obligations.

Conservatism

An accounting principle that guides accountants to choose methods and assumptions that are least likely to overstate assets and income.