Clearly Defined Goals Are the Essence of Great Teamwork

question 28

Multiple Choice

Clearly defined goals are the essence of great teamwork.Which of the following statements is the best answer about how goals should be articulated by teams?

• A)Goals should not be clearly articulated,but rather members should be free to interpret them creatively.
• B)Goals should be complex,and contain several objectives.
• C)Goals should be simple and specify ends,but not means.
• D)Goals should be simple and specify means,but not ends.

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Definitions:

Double-declining-balance

An accelerated method of depreciation which double the rate of normal depreciation, reducing the value of assets more quickly.

Depreciation Expense

The yearly allocation of the cost of an asset over its useful life, reflecting the asset's usage and wear and tear over time.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, often used to estimate a company's worth in liquidation scenarios.

Total Asset Turnover

A financial ratio that measures a company's efficiency in using its assets to generate sales or revenue, calculated as sales divided by total assets.