Working in Groups and Teams Has Both Advantages and Disadvantages

question 56

Multiple Choice

Working in groups and teams has both advantages and disadvantages. One disadvantage is 'risk-shifting'. Which of the following describes the process of 'risk-shifting'?

• A) Risk is split with management because the group wants to share the weight of making the wrong choice with more senior personnel.
• B) A decision is made to go with the higher risk option because the responsibility will rest with the whole group if the decision proves to be a poor one.
• C) The team or group abandons its responsibility altogether, preferring to pass risky decisions to consultants or senior management.
• D) Little or no time is allowed to consider the attendant risks of a proposition or course of action being confronted by the team.

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Definitions:

Semiannually

Occurring twice a year, typically every six months.

Accrued Interest

Interest that has been earned but not yet paid or received.

Accrued Interest

Accrued interest refers to the interest that has accumulated on a bond or loan since the last interest payment was made.

360-Day Year

A financial concept that simplifies the calculation of interest over periods when the actual number of days in a year is considered to be 360.