Answer:
E) Cross-functional teams are used for developing new ideas and coordinating complex projects.
Explanation:
A cross-functional team is composed of members of the same hierarchical level but work in the different departments or areas of the organization, like finance, human resource, research and development, security and legal.
These members are usually the heads of offices of these departments who gather together to discuss, innovate and develop new ideas geared towards the advancement of the organization.
Goal congruence is a vital component in a cross-functional team.
Answer:
The opportunity cost of going to the beach is lost time to study for the exam
The opportunity cost of going to college is the lost earnings from getting a paying job after high school
The opportunity cost of eating breakfast is arriving late to school
The opportunity cost of going to the movies is not completing your portion of the group project
The opportunity cost of going to a party at a friend's house on a school night is the inability to wake up early the next morning
Explanation:
An opportunity cost is the lost benefit attached to choosing one option over another. The scenarios given require the consequences which occur as a result of not choosing one option of the two alternatives presented. In each of the given cases, the foregone benefit varies depending on the option selected.
Answer:
2.4
Explanation:
Turnover is a concept in accounting that calculates how quickly a business conduct its operation.
The equation below will be used to calculate the turnover.
Turnover = Sales / Average operating assets
= $16,800,000 / $7,000,000
= 2.4
Answer: The agreement breaches Phyllis's fiduciary duty of loyalty as an officer of the corporation.
Explanation:
The attorney should advise Phyllis that the agreement breaches Phyllis's fiduciary duty of loyalty as an officer of the corporation.
The duty of loyalty forbids an officer from having his personal interests above that of the corporation. In this situation, accepting a bonus in order to give up the presidency simply means the officer has out his interest above those of the corporation, hence this is a breach of duty.