Josh Is a Manager at On-The-Go Cars

question 79

Multiple Choice

Josh is a manager at On-the-Go Cars. He recently has read quite a bit of literature on the benefits of work teams. He is particularly interested in forming a team within his department. There are 15 employees in his department. Josh should:

• A) recruit more employees for his department; 15 is too small for a work team.
• B) form one team of 15 employees.
• C) divide the group into three teams of five employees each.
• D) forget the team idea; he has too many employees and shouldn't divide his work group.
• E) divide the group into two teams.

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Definitions:

Net Income

The profit a company makes after subtracting all its costs and expenses from its total revenues.

Prepaid Insurance

An asset account that represents the amount of insurance premium payments made in advance and has not yet expired at the balance sheet date.

Prepaid Rent

An expense that is paid in advance for the use of property or equipment, which is then recognized as an expense over the period of use.

Rent Expense

The cost incurred from renting property or equipment, recognized as an expense on the income statement.