Suppose a Group of Employees Voluntarily Forms to Discuss a Parking

question 41

Multiple Choice

Suppose a group of employees voluntarily forms to discuss a parking problem within their organization.After the group has met for several months,a new public transportation system is introduced and fewer employees drive to work.Discovering that the parking issue no longer exists,the group gradually disbands and eventually stops meeting altogether.At which stage of development does this group appear to be?

• A)goal achievement
• B)performing
• C)adjourning
• D)conflict resolution
• E)problem solving

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Definitions:

Accounting Period

A specific period of time used for financial reporting, often a quarter or year, during which financial information is recorded and reported.

Debit

An entry recorded on the left side of an account ledger, representing an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Credit

An accounting entry that increases a liability or equity account or decreases an asset or expense account.

Balance Sheet Accounts

Accounts that reflect the assets, liabilities, and shareholders' equity of a company at a particular point in time.