A Group of Employees Who Assume Collective Responsibility for Organizing

question 89

Multiple Choice

A group of employees who assume collective responsibility for organizing, controlling, and supervising their own work activities is known as a:

• A) primary group.
• B) self-managed team.
• C) focus group.
• D) restructured team.
• E) functional team.

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Definitions:

Outstanding Shares

The total number of shares of stock that are owned by stockholders on any particular date.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing ownership interest.

Treasury Stock

Shares that were originally issued and fully paid for but have since been bought back by the issuing company, reducing the amount of outstanding stock.

Purchases

The acquisition of goods or services in exchange for monetary payment in the course of business operations.