A Team Has Finally Matured into a Fully-Functioning Team at the Stage

question 114

Multiple Choice

A team has finally matured into a fully-functioning team at the stage of development.

• A) norming
• B) de-norming
• C) performing
• D) conforming
• E) informing

---

Definitions:

Insurance Expense

The cost reported by a company for premiums it pays on its insurance policies, covering risks such as property damage, theft, or liability.

Accumulated Depreciation

The total amount of depreciation expense that has been charged against a fixed asset since it was put into use, representing the wear and tear over time.

Contra-Asset Account

An account that offsets or reduces the balance of its related asset account, such as accumulated depreciation reducing the carrying value of fixed assets.

Liability Account

An accounting record that represents a company's legal debts or obligations that arise during business operations.