Complete the Following Using the Terms Listed

question 5

Multiple Choice

Complete the following using the terms listed.
-_____ focuses on problem-related differences of opinion,and reconciling those differences to improve team performance.

• A)low-context culture
• B)Affective conflict
• C)performing stage
• D)cross-functional team
• E)Noise
• F)team norms
• G)Encoding
• H)self-managed team
• I)grapevine
• J)norming stage
• K)Team diversity
• L)Virtual teams
• M)Cognitive conflict
• N)External communication
• O)listening
• P)communication
• Q)Team cohesiveness

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, thereby preparing the accounts for the next accounting period.

Journalized

The process of recording financial transactions in a company's journal, detailing the accounts affected by each transaction.

Adjusting Entries

Are journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred, for the purpose of financial reporting accuracy.

Financial Statements

Documents that present an organization's financial activity and current financial condition, including the balance sheet, income statement, and cash flow statement.