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Understand the concept and significance of team processes in organizational settings.
Identify and explain the stages of team development.
Define and discuss the impact of various techniques and phenomena such as social loafing, cohesiveness, distributed leadership, and groupthink on team dynamics.
Understand the principles and effectiveness of different team decision-making techniques including the nominal group technique, brainstorming, and critical evaluation roles.

Definitions:

Work Sheet

An internal document used by accountants to organize and adjust financial information before generating official financial statements.

Net Income

The profit amount left for a company following the subtraction of all expenditures and tax payments from its gross revenue.

Income Statement Credit Column

A section on the income statement where credits or revenues are recorded.

Balance Sheet

A document that captures the financial standing of a company at a certain date, outlining its assets, debts, and the equity held by shareholders.

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