Which of the Following Statements Is True Regarding a Cross-Functional

question 30

Multiple Choice

Which of the following statements is true regarding a cross-functional team?

• A) A cross-functional team is made up of employees from different hierarchical levels.
• B) A cross-functional team is made up of employees from the same department.
• C) Cross-functional teams have decreased in popularity in the last few decades.
• D) In the case of a cross-functional team, the early stages of development are typically very short.
• E) Cross-functional teams are used for developing new ideas and coordinating complex projects.

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Definitions:

Capital Account

A financial record that shows the changes in business ownership over a period. It includes capital contributions and withdrawals by owners.

Partner Capital Accounts

Accounts reflecting the individual investments of partners in a partnership, including their share of profits, losses, and any withdrawals.

Capital Additions

Investments or expenditures made to acquire or improve long-term assets, enhancing the asset value or extending its useful life.

Net Income

The net income of a business once all taxes, costs, and expenses have been deducted from the total revenue.