Groups That Are Created by the Organization and Are Intentionally

question 92

Multiple Choice

Groups that are created by the organization and are intentionally designed to direct its members toward some important organizational goal are known as:

• A) informal groups.
• B) formal groups.
• C) role-structured groups.
• D) self-managed teams.

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Definitions:

Payback Period

The length of time required for an investment to recover its initial cost out of the cash receipts that it generates.

Required Rate of Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.

Net Income

The profit or loss of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Investment in Equipment

The total capital expenditure on physical assets like machinery and equipment intended for the production of goods or services.