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Mattel Ivy Ross, Mattel's head of design and packaging for its girls division, needed a new toy that was part construction set and part craft kit. Ross built a team from various departments (designers from research and development, model makers from production, copywriters from marketing, etc.) and assigned them the task of developing the new toy. The twelve members of the team were freed from all other duties so they could concentrate on developing this new toy. During their first week together, members were exposed to different ways of thinking. One of the hardest things the group had to deal with was the lack of structure. It took participants nearly two weeks to realize that there was no schedule for their activities. The strength of the team lay in its members' abilities to build on each other's ideas and to trust one another. Refer to Mattel. One of the advantages associated with the creation of such teams is ____.
Corporate Alternative Minimum Tax
A parallel tax system aimed at ensuring that corporations pay at least a minimum amount of tax, regardless of deductions or credits that would otherwise lower their tax bill.
Exemption Amount
This refers to a specific dollar amount that taxpayers can claim for themselves and their dependents to reduce taxable income.
Parent-Subsidiary Group
A group consisting of a parent company and one or more subsidiaries, which are companies controlled by the parent company.
Common Parent Corporation
A corporation that holds a controlling interest in subsidiary companies, forming a corporate group or family.
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