In the Stage of Team Development, the Group Begins to Establish

question 140

Multiple Choice

In the stage of team development, the group begins to establish an identity and attempts to define and plan the tasks that need to be done.Little actual work is achieved.

• A)forming
• B)norming
• C)storming
• D)performing

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Definitions:

Variable Costing

A method of costing that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product.

Absorption Costing

An accounting method that includes all manufacturing costs - direct labor, direct materials, and overhead - in the cost of a product.

Net Operating Income

A company's revenue minus its operating expenses, not including taxes and interest.

Fixed Manufacturing Overhead

The total of all production costs that do not change with the level of production output, such as salaries of managers, rent, and property taxes.