Which of the Following Statements About a Problem-Solving Team Is

question 20

Multiple Choice

Which of the following statements about a problem-solving team is true?

• A) It is typically formed to discuss ways to improve quality in all phases of the organization, to make organizational processes more efficient, or to improve the overall work environment.
• B) It is a creative team which involves a highly integrated group of several skilled individuals who are cross-trained and have the responsibility and authority to perform some specified activity.
• C) Management must respond to the problem-solving team's recommendations by implementing them in their entirety.
• D) Generally responsible for whole tasks as opposed to "parts" of a job, the problem-solving team is an important new way of structuring, managing, and rewarding work.
• E) It is generally permanent in nature, with the focus of the team shifting from one problem to another over time.

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Definitions:

Cash Flows

This refers to the net amount of cash being transferred into and out of a business, especially in the context of operating, investing, and financing activities.

Financial Statement

A written record that conveys the business activities and financial performance of a company, commonly including balance sheet, income statement, and cash flow statement.

Dividends Declared

This is the amount of earnings a company's board of directors decides to distribute to shareholders in the form of dividends.

Income Tax Expense

The amount of expense that a company reflects on its income statement due to federal, state, and foreign income taxes.