At Gore Associates Inc

question 20

Multiple Choice

At Gore Associates Inc., groups are formed based on project requirements. They consist of people with a variety of skills and include workers from the R&D, manufacturing, sales, and operations departments. The groups disband once their specific projects are complete. These groups are called _____.

• A) functional groups.
• B) work teams.
• C) problem-solving teams.
• D) special interest groups.
• E) quality circles.

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Definitions:

Debt Ratio

A financial ratio that measures the proportion of a company's total debt to its total assets, indicating leverage and financial health.

Days' Sales in Inventory

A financial metric that indicates the average time in days that a company takes to turn its inventory into sales.

Dividend Yield

A financial metric that measures the annual dividends issued by a company compared to the price of its shares.

Total Asset Turnover

A financial ratio that measures how efficiently a company uses its assets to generate sales revenue.