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:

Units Transferred Out

The completed units moved out of a production process or cost center to the next process, or finished goods inventory, during a period.

August

The Gregorian calendar's eighth month.

Weighted-Average Method

A costing method that calculates the cost per unit by dividing the total cost by the total number of units produced, treating all units as equal regardless of when they were actually manufactured.

Assembly Department

A division in a manufacturing plant where components are joined together to form a finished product.