A _____ Serves the Purpose of Breaking Down the Barriers

question 16

Multiple Choice

A _____ serves the purpose of breaking down the barriers that exist in a hierarchical organization with a long history of division of labor and division of tasks.

• A) virtual team
• B) cross-functional team
• C) process improvement team
• D) self-directed team

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Definitions:

Gross Profit

The financial gain made after subtracting the cost of goods sold from the total revenue generated from sales.

Accounts Receivable Turnover

A financial ratio that measures how frequently a company collects its average accounts receivable balance in a period.

Days' Sales

A measure of the average number of days it takes a company to collect revenue after a sale has been made, often used in understanding liquidity.

Average Accounts Receivable

The average amount of money owed to a company by its customers over a specific period.