The Difference Between a Group and a Team Is That

question 42

Multiple Choice

The difference between a group and a team is that:

• A) teams are formed and developed; groups are made up of a collection of individuals.
• B) in a team each member has a job, the team has a common purpose and something that it must achieve together; a group may not have one or more of these elements.
• C) teams are formal constructs, groups are informal constructs.
• D) there is no difference- the terms are used interchangeably.

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Definitions:

Weighted Average

A method used to calculate the average cost of inventory that takes into account the varying costs of different batches of goods by weighting each batch by its proportion in the total inventory.