Organizations Are Increasingly Using Teams for Many Reasons

question 61

Multiple Choice

Organizations are increasingly using teams for many reasons.The difference between a good team and an outstanding team has been found to be

• A) the combined technical skills of the members.
• B) similarities in the way team members solve problems.
• C) the way team members treat each other.
• D) similarities in the age and experience of team member.

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Definitions:

Residual Value

The estimated value of a fixed asset at the end of its useful life, reflecting what it could be sold for or its disposal cost.

Depreciation

An accounting method of allocation that spreads the cost of an asset over its useful life to account for its decrease in value over time.

Book Value

The net value of a company's assets minus its liabilities, often used to assess a company's worth.

Impaired Goodwill

The decrease in the value of a company's goodwill, often due to adverse changes in the business or market conditions, requiring a write-down in accounting.