You Are Vice-President of a Division of a Large, Multi-National

question 87

Multiple Choice

You are vice-president of a division of a large, multi-national company that makes electronic equipment for consumers and the military. Your company has several teams and there are several managers managing those teams. Joan, your director of accounting, has created a team of seven employees from the accounts payable department who meet for three hours a week to discuss ways of improving quality, efficiency and the work environment. This is an example of a ________ team.

• A) problem-solving
• B) self-managed
• C) cross-functional
• D) virtual
• E) task-resolution

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Definitions:

Consolidated Cash Account

A single cash account that combines the cash balances of a parent company and its subsidiaries to reflect total available cash.

Subsidiary Entities

Companies that are controlled by another company (parent company) through ownership of more than half of the voting power or through other means of control.

Consolidated Share Capital

The total amount of a parent company's share capital together with its subsidiaries, reported as one figure in the consolidated financial statements.

Issued Share Capital

Refers to the total value of a company's shares that have been sold to investors and are currently outstanding.