Answer:
6 STRATEGIES FOR MANAGING AND IMPROVING TEAM DYNAMICS
1. Conduct a diagnosis and get to know your team
Conduct a diagnosis of what is going wrong in your team by doing a team health check. Observe your team at work and conduct individual interviews in a private, safe and confidential space. Talk to other relevant people, such as customers and line managers, to find out as much as you can about your team’s problems.
2. Address problems quickly
3. Create a team charter
4. Enhance team culture
5. Build communication
6. Always pay attention
What are team dynamics?
A team can be defined as two or more people working together to interdependently to meet a specific goal or purpose. Outside of this, a team can be for the long term or come together for a few hours. Group dynamics can be understood as how team member’s distinct roles and behaviours impact other group members and the group as a whole. Team dynamics are therefore the unconscious, psychological factors that influence the direction of a team’s behaviour and performance.
What do positive group dynamics look like?
A team with positive group dynamics tend to have team members who trust each other. They can work towards collective decisions and they are held accountable for outcomes. A team with good group dynamics may be constructive and productive, and it may demonstrate mutual understanding and self-corrective behaviour. On the other hand, poor group dynamics can be disruptive for successful decision making and work outcomes.
Group dynamics matter because they impact things like creativity, productivity and effectiveness. Since group work is integral to organisations, for business leaders, addressing group dynamics can lead to better work outcomes, customer satisfaction and an improved bottom line.
Many characteristics of work teams can also be seen in sports teams. Although sports teams—especially professional sports teams—often differ from work teams in important ways, they can be helpful for illustrating the key features that contribute to a team’s success.
Patrick works for a large technology company that sponsors an intramural soccer league. Patrick has been on a soccer team with the other software engineers for his product for several years, and they are very good. Team members rarely miss practices and never miss games, they know each other’s strengths and weaknesses on the field, and they play together so well that they have won the company championship 2 years in a row. When the team was first formed, however, the players did not seem very committed, team cohesion was not very good, and the team took a very long time to decide on which plays and strategies to use. After making a change midway through the first season that led to increased cohesion, team performance improved dramatically.
1. What stage of development is Patrick’s soccer team in currently?
a. Preforming
b. Storming
c. Forming
d. Norming
2. If a team leader wanted to help a team such as Patrick’s get through the performing stage of team development, he or she should take which of the following actions?
CHECK ALL THAT APPLY
- Encourage constructive conflict between members of the team.
- Coordinate team roles and activities.
- Help the team make effective decisions.
- Help the team establish clear rules for team member behaviors.
Answer:
1. Preforming
2. A and C
Answer:
1. What stage of development is Patrick’s soccer team in currently?
a. preforming
2. If a team leader wanted to help a team such as Patrick’s get through the performing stage of team development, he or she should take which of the following actions?
✔ Encourage constructive conflict between members of the team.
✘ Coordinate team roles and activities.
✔ Help the team make effective decisions.
✘ Help the team establish clear rules for team member behaviors.
Your employer is a social media company. Which situation best illustrates potential noncompliance with laws and regulations (NOCLAR), as proposed by the AICPA's Professional Ethics Executive Committee
If the social media company is in a situation that illustrates potential noncompliance with laws and regulations (NOCLAR) as proposed by the AICPA's Professional Ethics Executive Committee, a. The company's management is violating data protection laws.
The company's violation does not involve its largest vendor, contractor, or because the company's CEO has not filed his income tax returns for two years.
Thus, the management of the company may be violating data protection laws.
Question Options:
a. The company's management is violating data protection laws.
b. The company's largest vendor inadvertently violated data protection
regulations
c. The company's contractor has several violations on its record
d. The company's CEO has not filed his income tax returns for two years
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Answer:The company's management is violating data protection laws.
Explanation:If the company is violating the proposed guidelines by the AICPAS's professional ethics executive committee, such as disclosing client or employer information without consent, Thus, the management of the company is violating data protection laws.
A retirement account in which investments are not tax-deferred but can be
withdrawn tax-free is called a
A. 401(k)
B. Roth IRA
O C. SEP IRA
O D. traditional IRA
Answer:
Roth IRA
Explanation:
A Roth IRA is a form of a retirement plan that does not permit assets to grow tax-deferred but permits tax-free withdrawals. Therefore, the correct answer is option b. Roth IRA.
With its tax-free growth and withdrawals, increased flexibility, and potential for higher profits, a Roth IRA is an effective tool for retirement savings. A Roth IRA's tax-free growth and withdrawals are one of its main advantages, which can be a big plus for investors who anticipate being in a higher tax band in retirement.
Investors have more freedom and control over their retirement funds because Roth IRAs do not have mandatory minimum withdrawals. They are free to keep their funds in the account indefinitely.
The fact that Roth IRAs do not have the same income restrictions as standard IRAs is another benefit of them. This makes Roth IRAs an appealing alternative for high-earners who might not be qualified for other types of retirement accounts because investors can contribute to one regardless of their income level.
Therefore, the correct answer is option b. Roth IRA.
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When informing your staff of the date for the company picnic, a __________ would be most practical and successful.
a. videoconference
b. newspaper notice
c. telephone conversation
d. face-to-face conversation
✔ e. memo
Answer:
face to face conversation
The exchange of factors of production for income occurs in the
market.
Answer: Factor!
Explanation:
just took the test 2021
The exchange of factors of production for income occurs in the factor market.
What is production?Production alludes to the number of units a firm results over a given timeframe. A firm that works effectively ought to achieve sound information. The variables of creation are a significant monetary idea illustrating the components expected to deliver a decent or administration available to be purchased.
A market is a market where variables of creation are traded. Factor markets dispense elements of creation, including area, work and capital, and appropriate pay to the proprietors of useful assets, like wages, rents, and so forth.
Factor markets are the business sectors where the elements of creation are exchanged. Land, work, and capital are found in customary component markets.
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In this chapter, we have been discussing pension plans (and a little bit about post-retirement plans), mainly how to account for defined benefit plans. After having learned at least some of the complexities of accounting for a defined benefit plan, express your opinion about whether these plans are worth it. Come at this from the perspective of the employer, the employee/retiree, and the government and write what you think -- are they worth it
It should be noted that defined benefit plans are worth it as they provide a secure lifetime retirement income for the employee.
Defined benefit plans are also known as the traditional pension plan. It gives a specified payment amount in retirement. It's important as it allows employees and employers to be able to invest funds in order to save for retirement.
Defined benefit plans are beneficial as they give eligible employees a guaranteed income for life when they retire. This is important as the person can have a source of income when they're not working anymore.
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One of the important decisions managers have to make is whether to buy and commit to upgrading its computer equipment every couple of years. One way of avoiding having to buy costly upgrades, which can quickly become obsolete, is to use:
One way of avoiding having to buy costly software upgrades, which can quickly become obsolete (out-dated), is to use: Application service provider.
A software can be defined as a set of executable instructions (codes) or collection of sequential data that is typically used to instruct a computer on how to perform a specific task and solve a particular problem.
Generally, a software should be upgraded to its latest version when made available by the software developer.
Hence, an important decision managers have to make is whether to buy a computer equipment and become committed to upgrading it every couple of years or from time to time.
An effective way of avoiding having to buy costly computer upgrades, which can quickly become obsolete (out-dated), is to use an application service provider (ASP).
An application service provider (ASP) is a business firm or company that is saddled with the responsibility of providing computer-based services to its customers (individuals or enterprises) over a network.
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Even though it is often the case that no cash outflows result when demand exceeds capacity, __________ can nevertheless be experienced in those circumstances. Multiple Choice holding costs service costs foreorder costs shortage costs setup costs
Even though it is often the case that no cash outflows result when demand exceeds capacity, shortage costs can nevertheless be experienced in those circumstances.
Shortage costs will now be explained.
What are Shortage costs?Shortage costs are those costs that an organization suffers when there is no inventory in stock. These could arise when;
Customers go to other sources to purchase the itemsWhen the business has to pay for the cost of shipping goods to the warehouseSo even when the business cannot meet the demands of customers, they might still suffer from shortage costs as explained above. So, even if there is no cash outflow, there are shortage costs.
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Knowledge Check 01 Transactions that result in significant investing and financing activities but that do not involve cash are reported either directly after the statement of cash flows or in a note to the financial statements. Group startsTrue or False
It is TRUE that the significant non-cash investing and financing activities transactions, which cannot be reported in the statement of cash flows, are reported after the statement or in a separate note to the financial statements.
Some of the significant non-cash investing and financing activities include the issuance of stock for long-term assets or debt retirement and purchasing long-term assets with long-term notes payable.
Thus, these significant non-cash investing and financing activities cannot be reported in the statement of cash flows but require separate disclosure.
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Select the BEST answer choice.
Read the following scenario and identify the way in which the government is demonstrating economic involvement. Sam's Super Healthy Candy is going out of business after the government severely fined the company for failing to inform consumers about the added sugar in the company's products.
Group of answer choices
Maintains competition
Produces goods and services
Provides welfare services
Manages regulatory programs
Government can demonstrate its economic involvement by d. manages regulatory programs.
According to the regulation on consumer services, Sam's Super Healthy Candy must inform consumers about the added sugar in its products. For failing to do this, the government severely fined the company. In this way, the government shows that it is involved in the economy through its regulatory activities.
The government does not show its economic involvement by only maintaining competition, producing goods and services, or providing welfare services.
Thus, the government demonstrates its economic involvement by regulating the activities of commercial entities.
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