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ahrayia [7]
3 years ago
9

A(n) _____ is defined as a small number of people with complementary skills who hold themselves mutually accountable for pursuin

g a common purpose, achieving performance goals, and improving interdependent work processes.
Business
1 answer:
makvit [3.9K]3 years ago
8 0

Answer: A work team

Explanation: A work team is a group of employees that works semiautonomously on recurring tasks. Work teams are most useful where job content changes frequently and employees with limited skills and a specific set of duties are unable to cope. In a work team , a small number of people with complementary skills who hold themselves mutually accountable for pursuing a common purpose, achieving performance goals, and improving interdependent work processes. Contemporary businesses thrive with the use of work teams in creating products, solving problems and developing alternatives. There are many ways that work teams add to the productivity and success of a company. Work teams are most efficient when job content changes and expert advice are needed to complete a set of work with different skills. Functional, cross-functional, and self-managing teams are the three different types of teams that can be found within a company. Each has its own specific goals and objectives. Accomplish projects - Many workplace tasks are too complicated for one employee to complete. The work team allows larger, more complicated projects to be completed and work teams allow many different viewpoints, which correlate to many different options in solutions.

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The profit and loss system of capitalism helps entrepreneurs determine the
mrs_skeptik [129]

Answer:

best combination of resources to use to produce a product.

Explanation:

Capitalism also referred to as free-enterprise system or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, capitalism is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.

Simply stated, a pure capitalism is a type of economy that is completely driven by demand and supply of goods and services.

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

Hence, the profit and loss system of capitalism helps entrepreneurs determine best combination of resources to use to produce a product.

4 0
3 years ago
Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin
larisa [96]

Answer:

                         H. J. HEINZ COMPANY

                            Partial Balance Sheet

                   For the month ended April 30, 2017

Assets

<u>Current assets</u>

Cash                                                            $373,145

Accounts receivable                                  $1,171,797

Inventory                                                     $1,237,613

Prepaid insurance                                      <u>$125,765 </u>

Total current assets                                  <u> $2,908,320</u>  A

<u>Property, plant, and equipment</u>

Land                                                                          $76,193

Buildings                                        $4,033,369

Less: Accumulated depreciation <u>$2,131,260</u>         <u>$1,902,109</u>

                                                                                 <u>$1,978,302</u>  B

<u>Intangible assets</u>

Goodwill                                                                   $3,982,954

Trademarks                                                              <u>$757,907    </u>

                                                                                 <u>$4,740,861 </u>C

Total assets (A+B+C)                                                $9,627,483

6 0
3 years ago
$7,700 net monthly income - What amount would you use for needs for the month? *
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4 0
3 years ago
Which formula should be used to correctly calculate the<br> monthly mortgage payment?
Charra [1.4K]
What’s the question
7 0
3 years ago
what does a receivables turnover of 7 times represent? multiple choice question. the company took an average of 7 days to collec
aniked [119]

A turnover of 7 times represents the company issued and collected trade credit, at the level of its accounts receivable balance, 7 times during the year.

The number of times per year that a company collects its average accounts receivable is referred to as accounts receivable turnover.Accounts receivable turnover is a measure used by accountants and analysts to assess how effectively businesses collect on credit given to customers.

The higher your receivable turnover ratio, the better, because it indicates that your customers pay their invoices on time and that your company collects debts efficiently. A higher turnover ratio also indicates improved cash flow and a more solid balance sheet or income statement.

To know more about receivables turnover, click here.

brainly.com/question/16447941

#SPJ1

6 0
1 year ago
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