Teams at Strato Engineering (Scenario)

question 85

Multiple Choice

Teams at Strato Engineering (Scenario)
Strato Engineering, a technology product company, recently organized Team 1 to develop the next generation of the company's model CVF-D. The team is composed of the product development manager, chief engineer, director of procurement, human resource director—technology, marketing research director, cost analysis director, operations director—production, and the four highest-dollar project vendors. The preliminary projection for the lifetime of the team to prototype production is expected to be two years due to the level of technology involved in the product. Team 2 has also been recently established to solve a problem with an adhesive used to attach a thin-foil material to a finished metal surface. There are three members in this team: installer, engineer, and sales representative for the adhesive manufacturer. They operate without a manager and no one in particular is the leader. It is anticipated that it will require about two days to solve the problem. Team 3 has been working together for four years implementing modifications to the company's current model CVF-C. It is composed of members from procurement, engineering, and production. It also includes several vendors and Strato Engineering customers' procurement agents. None of the members of this team are at the same location. They use a sophisticated computer-aided design program to view the product onscreen in three-dimensional form at each location simultaneously. At the Oshawa facility, Team 4 has been formed to stamp a new part. It requires four members, and they rotate jobs every two hours. Before beginning the workday, they meet for about 10 minutes and discuss the work that needs to be completed that day.
-Team 1 is a ________ team.

• A)problem-solving
• B)self-managed
• C)cross-functional
• D)command

---

Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Prepaid Expenses

Costs that are paid for in advance and recorded as assets until they are used or consumed, at which point they become expenses.

Asset Account

Represents a resource owned or controlled by a company that is expected to provide future economic benefits.

Expense Account

An expense account tracks the outflow of money to cover operational costs or purchases related to running a business.