In What Phase of Team Development Do Members Select Alternatives

question 2

Multiple Choice

In what phase of team development do members select alternatives, analyze effects, implement their plan, and manage their project?

• A)​Forming
• B)​Norming
• C)​Storming
• D)​Performing

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Definitions:

Liability

A financial obligation or amount owed by a business to creditors, typically reflected on the balance sheet.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, which may not coincide with the calendar year.

Supplies Account

An account used to track the cost of supplies bought and used by a business over a period.

Supplies Expense

Supplies expense refers to the cost of consumable supplies used during an accounting period, recognized as an expense on the income statement.