Tom, the Marketing Manager, Who Is a Member of a Task

question 36

Multiple Choice

Tom, the marketing manager, who is a member of a task force for new product development, is expected to represent the marketing department's concerns to the task force. Tom and his involvement with the task force describe ________.

• A) a group norm
• B) a group role
• C) groupthink
• D) group cohesiveness

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Definitions:

Accounts Receivable

A financial record of the amounts owed to a business by its customers for goods or services delivered on credit.

Marketable Securities

Refers to liquid financial instruments that can be quickly converted into cash at market value.

Long-Term Investments

Assets that a company intends to hold for more than one year, including stocks, bonds, and real estate.

Inventory Management

The process of ordering, storing, tracking, and controlling inventory to ensure that a company has the right amount of goods at the right time, minimizing costs and maximizing efficiency.