In a Meeting,you Have Been Espousing the Benefits of Virtual

question 205

Essay

In a meeting,you have been espousing the benefits of virtual teams,when Alex,your supervisor,interrupts to offer his opinion that the concept of 'virtual teams' is just a fad that doesn't deserve further discussion.In order to convince him that his opinion about virtual teams is misinformed,define what virtual team are and discuss three reasons why the reliance on these types of teams will continue to grow in the future.

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Definitions:

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Return On Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a company uses its equity investments to generate profit.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations based on its current income.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss in value as it ages, used for accounting and tax purposes.