Which of the Following Describes the Difference Between a Team

question 81

Multiple Choice

Which of the following describes the difference between a team and a group?

• A) Teams are more highly structured and organized than groups.
• B) Teams usually are created by an outside organization;groups are not.
• C) Teams have a designated leader;groups do not.
• D) None of the above-groups and teams are essentially the same thing.

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Definitions:

Percent of Sales Method

A financial planning tool used to forecast future revenues, expenses, or balance sheet figures as a percentage of sales.

Uncollectible Accounts Receivable

Accounts receivable that are considered to be uncollectible due to the inability of the customers to pay.

Journal Entries

Recorded transactions in the accounting system, documenting financial changes in accounts.

Percent of Sales

Percent of sales is a financial analysis tool that helps in estimating how certain accounts, like revenue and expenses, will vary in proportion to changes in sales.