CASE Scenario - Marcus Newcomb

question 194

Multiple Choice

CASE
Scenario - Marcus Newcomb
Marcus Newcomb has been working as a production employee for the last three years. His firm is currently undergoing a change in structure with a new management group and the production department is being restructured. Each production employee will be assigned to a small six-member production team. Marcus is looking forward to the extensive cross training that has been promised and is looking forward to enjoying more power and discretion than he has had in the past. In addition to skill training, Marcus is receiving management training in team building.
-When Marcus's team encounters the establishment of order and cohesion with the leader helping to clarify team roles and values, then his team is in the developmental stage of team development of

• A) forming.
• B) storming.
• C) norming.
• D) performing.
• E) adjourning.

---

Definitions:

Credit Memo

A document issued by a seller that reduces the amount owed by a buyer, typically due to a return or rebate.

FOB Shipping Point

A term used in shipping agreements indicating that the buyer assumes responsibility for the goods and their transportation costs from the point of departure.

Insurance in Transit

Insurance in transit covers risk to goods and materials while they are being transported from one location to another.

Inventory Costs

Expenses associated with storing and managing goods that a company holds for sale.