Which of the Following Formal Groups Are Essentially Independent Groups

question 17

Multiple Choice

Which of the following formal groups are essentially independent groups, which, in addition to their regular duties, take on tasks such as hiring, planning, scheduling, and performance evaluations?

• A) business unit alliances
• B) command groups
• C) self-managed teams
• D) cross-functional teams
• E) task groups

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Definitions:

Liabilities

Financial obligations of a business, including money owed to creditors or suppliers.

Financial Instrument

Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Bank Overdraft

A facility that allows an individual or business to withdraw more money from a bank account than has been deposited, up to an agreed limit.

Notes Payable

A liability represented by a written promise to pay a specific sum of money, usually with interest, by a specified date.