Which of the Following Describes the Difference Between a Team

question 45

Multiple Choice

Which of the following describes the difference between a team and a group?

• A) Teams are structured deliberately to achieve a goal; not every group is highly organized.
• B) Teams usually are created by an outside organization; groups are not.
• C) Teams have a designated leader; groups do not.
• D) Teams are only found in sports; while groups are found only in business.

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Definitions:

Contingent Rentals

Contingent Rentals are lease payments that are not fixed or established in advance but depend on a future event or condition, like a percentage of sales.

Rental Income

The income received from leasing out property or other assets.

Depreciation Expense

Depreciation Expense represents the allocation of the cost of tangible assets over their useful lives recognizing a decrease in value due to wear and tear, deterioration, or obsolescence.