Which term describes groups of operating employees who are empowered to plan and organize their tasks and to perform those tasks with a minimum of supervision?
A) Task forces
B) Standing committees
C) Work teams
D) Division committees
E) Board members
Answer: C
Explanation: C) The organization will usually find it beneficial to grant special authority to work teams so they may function more effectively.
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Which of the following statements is true?
A) For a given change in market interest rates, the prices of higher-coupon bonds change more that the prices of lower-coupon bonds. B) If market interest rates rise, a 1-year bond will fall in value more than a 10-year bond. C) If interest rates rise, bond prices will rise. D) If market interest rates rise, a 10-year bond will fall in value more than a 1-year bond.
Which of the following statements is true of the Common Stock account?
A) It is an equity account that has a normal credit balance. B) It is a liability account that has a normal credit balance. C) It is a liability account that has a normal debit balance. D) It is an equity account that has a normal debit balance.