Which of the Following Statements Is True About a Team

question 54

Multiple Choice

Which of the following statements is true about a team?

• A)A team consists of people committed to a common purpose.
• B)A team is composed of people who have identical skills.
• C)A team is made up of individuals who hold each other responsible for any failures.
• D)A team that matures to the performing stage is called a task group.
• E)A team becomes a group when leadership becomes a shared activity.

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Definitions:

Cost-Benefit Constraint

The principle that actions or decisions should only be taken or made if the benefits outweigh the costs.

Conservation Principle

A principle in physics stating that certain properties such as mass, energy, or charge in an isolated system remain constant over time.

Perpetual Inventory System

An inventory accounting system where updates are made continuously to the inventory accounts and cost of goods sold as transactions occur.

FIFO

"First In, First Out," an inventory valuation method where the costs of the oldest inventory items are assigned to the cost of goods sold first.