Which of the Following Is True of the Autonomous Team

question 21

Multiple Choice

Which of the following is true of the autonomous team structure?

• A) In autonomous teams, individuals may spend less than 10 percent of their time working on team-related activities.
• B) In autonomous teams, the potential for conflict between team and functions is very low.
• C) In autonomous teams, team members are collocated with a senior project manager.
• D) The project manager of an autonomous team is not given full control over resources.

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Definitions:

Owner's Equity

The residual interest in the assets of an enterprise after deducting its liabilities; represents the owner's claims against the company's assets.

Income Summary

An account to which the revenues and expenses are transferred in order to calculate the net income for the period, ultimately transferring to retained earnings.

Accounting Cycle

The series of steps followed by an entity to collect, process, and report financial information, culminating in the preparation of financial statements for a specific period.

Adjusting Entry

Documentation produced at a period's end within accounting to properly allocate profits and outlays to the actual period they happened.