How do task and maintenance functions differ?
What will be an ideal response?
Task functions are those member functions or roles that pertain to directly helping the group solve its task. Examples include asking questions of clarification and suggesting the goal of the group. Maintenance functions on the other hand are those behaviors that help the group grow and improve interpersonal relationships between members. The functions do not directly influence the task of the group. Examples of maintenance functions include encouraging other group members to speak and encouraging members to work more harmoniously with one another.
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Which of the following acts by a CPA who is not in public practice is most likely to be a violation of the ethical standards of the profession?
a. Using the CPA designation without disclosing employment status in connection with financial statements issued for external use by the CPA's employer b. Distributing business cards indicating the CPA designation and the CPA's title and employer c. Corresponding on the CPA's employer's letterhead, which contains the CPA designation and the CPA's employment status d. Compiling the CPA's employer's financial statements and referring to the CPA's lack of independence
Lewis, Clark, and Beal entered into a written agreement to form a partnership. The agreement required that the partners make the following capital contributions: Lewis, $40,000; Clark, $30,000; and Beal, $10,000. It was also agreed that, in the event the partnership experienced losses in excess of available capital, Beal would contribute additional capital to the extent of the losses. The partnership agreement was otherwise silent about division of profits and losses. Which of the following statements is true?
A. Profits are to be divided among the partners in proportion to their relative capital contributions. B. Profits are to be divided equally among the partners. C. Losses will be allocated in a manner different from the allocation of profits because the partners contributed different amounts of capital. D. Beal's obligation to contribute additional capital would have an effect on the allocation of profit or loss to Beal.