Which of the Following Is Most Likely to Be Categorized

question 20

Multiple Choice

Which of the following is most likely to be categorized as a work team?

• A)A team that oversees the functioning of all the teams in an organization and coordinates activities between teams
• B)A team comprising interior designers, architects, and builders involved in designing and creating the layout of a new hotel
• C)A quality control team at a factory which oversees the quality of products and recommends changes in production techniques
• D)A band travelling around the country playing shows at different venues for six months
• E)A group of four workers making a specific part on the production line of an automobile factory

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating expenses, have been deducted from total revenue.

Indirect Method

A technique used in cash flow statement preparation that starts with net income and adjusts for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.

Operating Activities

Business actions that pertain to the primary operations of a company, including production, distribution, and other processes that generate revenue.

Net Income

The total profit or loss of a company after all revenues, expenses, taxes, and costs have been subtracted from total revenue.