Answer:
total accumulated depreciation for equipment account = $37,111 (equipment account = $180,000 - $37,111) = $142,889total property, plant, and equipment account = $902,889Explanation:
Land $ 120,000
Building $ 840,000 Less: Accumulated depreciation (200,000 ) 640,000
Equipment 180,000 Less: Accumulated depreciation ?
3 equipments:
Equipment 1 ⇒ $70,000 (1/1/2018), useful life 10 yearsEquipment 2 ⇒ $80,000 (6/30/2019), useful life 8 yearsEquipment 3 ⇒ $30,000 (9/1/2020), useful life 9 yearsWe can also assume straight line depreciation is used for the equipment:
Equipment 1:
depreciation expense per year = $70,000 / 10 = $7,000
accumulated depreciation = $7,000 x 3 years = $21,000
Equipment 2:
depreciation expense per year = $80,000 / 8 = $10,000
accumulated depreciation = $10,000 x 1.5 years = $15,000
Equipment 3:
depreciation expense per year = $30,000 / 9 = $3,333.33
accumulated depreciation = $3,333.33 x 4/12 = $1,111.11 ≈ $1,111
total accumulated depreciation for equipment account = $21,000 + $15,000 + $1,111 = $37,111
what are the advantage and dis advantage of advertising for a hotel?
Answer:
heres are the pro/advantages and cons/disadvantages of advertising.
Explanation:
Pros Cons
Expands the market Encourages monopolistic control
Increases sales Ad cost might exceed sales
Fights competition Pushes out small businesses
Educates consumers Misleads consumers
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Which of the following would be considered a subtopic for a mind map?
uses
social media
photo sharing
blogging
Among the given terms, "uses" is most likely to be a subtopic for a mind map. Hence, the correct option is A.
A mind map is a visual tool that is used to organize and connect information in a hierarchical and organized way. It is often used to help generate ideas, plan projects, and solve problems. Among the given answers, options b, c and d could be used as main heading depending on topic. Uses is more likely to be a subtopic.
Therefore, the ideal selection is option A.
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Say you own an asset that had a total return last year of 17 percent. Assume the inflation rate last year was 3.6 percent. What was your real return?
The Fisher equation, which shows the exact relationship between nominal interest rates, real interest rates, and inflation, is:
(1 + R) = (1 + r)(1 + h)
r = [(1 + .17) / (1 + .036)] - 1
r = .12934, or 12.93%
An increase in the average price level of an economy over time is referred to as inflation. Money loses value as a result of inflation. Consumer price index (CPI) and producer price index are the two most used inflation indicators (PPI). The consumer price index tracks changes in the price of a typical market basket bought by an urban family each month, provided the same products are bought. When a basket of commodities costs more, inflation has occurred. The cost increase of the basket as a percentage is equal to the rate of inflation. When the products in the basket are cheaper, there has been deflation. It is critical to remember that some of the items may change in value more rapidly than the general rate of inflation.
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What are the different elements of working capital and explain actions that Management of a business entity might take to reduce the length of the cycle
The different elements of working capital are current current asset and current liabilities. The management of a business entity might take ratio analysis to reduce the cycle.
Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.
What is working capital management?Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.
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If
you are
using $50 to buy your groceries, which function of money is
this?
Answer:
Medium of Exchange
Explanation:
A medium of exchange is an instrument used as an intermediary to facilitate the exchange of goods and services. A good medium of exchange must give a fair valuation of the items being traded. Money is a widely accepted medium of exchange.
Almost all items in a market have a monetary value attached to them. A Buyer or seller would easily know the amount of money needed to trade an item. The $50 is being used as a medium of exchange for the purchase of groceries. The seller accepts the money if they agree with the buyer on the quantity of groceries worth $50.
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2018
Feb. 2 Recorded credit sales of $97,000. Ignore Cost of Goods Sold.
Nov. 1 Loaned $18,000 to Jess Price, an executive with the company, on a one-year, 7% note.
Dec. 31 Accrued interest revenue on the Price note. 2019
Nov. 1 Collected the maturity value of the Price note.
Required:
Journalize the entries.
Answer:
Feb 6
Dr Account receivable $97,000
Cr Sales revenue $97,000
Jul 1
Dr Notes receivable $18,000
Cr Cash $18,000
Dec 31
Dr Interest receivable $630
Cr Interest revenue $630
July 1
Dr Cash $19,260
Cr Notes receivable $18,000
Cr Interest receivable $630
Cr Interest revenue $630
(To record collection)
Explanation:
Preparation of the journal entries
Feb 6
Dr Account receivable $97,000
Cr Sales revenue $97,000
(To credit sales)
Jul 1
Dr Notes receivable $18,000
Cr Cash $18,000
(To record loan given)
Dec 31
Dr Interest receivable ($18000*7%*6/12) $630
Cr Interest revenue $630
(To record accrued interest)
July 1
Dr Cash $19,260
($18,000+$630+630)
Cr Notes receivable $18,000
Cr Interest receivable $630
Cr Interest revenue $630
(To record collection)
Which bank deals with short term of credit A. Agricultural bank B. Comersial bank C. Industrial Bank D. None of these
Answer:
B) commercial bank
Explanation:
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Entry for Cash Sales; Cash Over The actual cash received from cash sales was $315,280, and the amount indicated by the cash register total was $315,150.
Answer:
Dr Cash $315,280
Dr Cash short or Over $130
($315,280-$315,150)
Cr (cash register) Sales $315,150
Explanation:
Based on the information given the appropriate journal the entry to record the cash receipts and cash sales is:
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You discover that your supervisor/team leader stole a password and she has been secretly logging into the computer of another team leader to get information about their team’s funding sources. She is aware that you caught her and tells you that this information has helped your team stay competitive and get ahead. She prefers that you keep her secret. How would you handle this situation?
Answer:
I would probably tell him/her that I wouldn't really keep it a secret if she keeps doing the same things over and OVER again the first time I would keep it a secret though if she does it again I'll have to tell someone right away.
Explanation:
I will pay 5$ to the who solve it
The cost of production for a new toy is $10. The prices of competitors’ products are: Product A – $25, Product B – $20, Product C – $23, Product D– $22.
a) What price should the company sell the new toy at if it prices at cost plus profit at 100 per cent profit mark-up?
b) What price should the company sell the new toy at if it prices using competitive pricing?
c) What price should the company sell the new toy at if it prices using penetration pricing?
d) What price should the company sell the new toy at if it prices using price skimming?
Answer:
a. The price that the company should sell the new toy at if it prices at cost plus profit at 100% profit markup is:
= $20.
b. The price that the company should sell the new toy at if it prices using competitive pricing is:
= $22.50 (average of competitors' prices)
c. The price that the company should sell the new toy at if it prices using penetration pricing is:
= $20 (lowest market price)
d. The price that the company should sell the new toy at if it prices using price skimming is:
= $25.
Explanation:
a) Data and Calculations:
Cost of producing a new toy = $10
Competitors' prices are:
Product A – $25
Product B – $20
Product C – $23
Product D– $22
Total = $90
Average price = $22.50 ($90/4)
Cost = $10
Markup 10 ($10 * 100%)
Price = $20
b) An important consideration in the pricing of products is customers' and competitors' reactions to the firm's selling price. The purpose of considering customers is to ensure that enough demand is generated to cover production cost and make profits. Competitors can wage price wars to discourage new entrants into their markets. Many pricing methods are in use, depending on the prevailing market realities.
"University A sets tuition at the equilibrium level based on price and then imposes entrance requirements in the form of minimum high school GPA and SAT scores. Enrollment at this school will likely be"
Answer:
Enrollment in this school will likely be below the equilibrium level.
While the price of tuition has been set at the equilibrium level, and as a result, the demand for tuition is also at the equilibrium level (the demand is the amount of students that want to enroll in university A), the amount of students that will enroll will likely be below equilibrium because the University is using non-pricing mechanisms to restrict demand: minimum GPA and SAT scores.
When setting prices of products, businesses want to make sure they can
cover their costs and make
Answer:
profit
Explanation:
their costs and make some profit
Why are room counts so important to hotels?
Answer:
It is critical for Front desk personnel to be aware of the actual number of rooms available, particularly if the hotel plans to run at or near 100 percent occupancy.
Explanation:
Except for the fact that it serves as a fundamental benchmark against competitors, knowing occupancy is very useful in evaluating the financial resources that must be invested in order to maintain a hotel operating efficiently. The greater the number of rooms sold, the greater the need for front desk and cleaning workers.
explain all the dimensions of Management functions in Human Resource management
Answer:down
Explanation:The four dimensions of human resource management practices are: Managing The Human Resource Environment, Acquisition and Preparation of Human Resources, Assessment and Development of Human Resources, and Compensation of Human Resources as stated by Noe et al (2010).
Answer: HR managers carry out a variety of tasks to ensure a business runs smoothly. The various dimensions of management functions in Human Resource management are as follows:
Explanation:
a. Planning
Planning for various things, from the hiring process to training and development programs, is the most crucial duty of an HR manager. Planning lays the foundation for other HR management responsibilities, such as determining job qualifications and the organization's need for recruitment.
b. Organizing
An HR manager is responsible for performing this role after the planning phase (discussed above) is finished. To meet the requirements and wants of the workforce while achieving business goals, they must create strategies and programs.
c. Directing
To carry out the goals and plans they have developed, HR managers need personnel. As a result, they lead their teams in a way that carries out the manager's goals and strategies. They assign tasks to the team members and keep tabs on their performance to assess their progress.
d. Controlling
One of the most significant managerial duties and obligations of an HR manager is this. In doing so, the HR manager monitors deviations, corrects them, and compares the results to the objectives. This entails tasks like audits and appraisals.
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define the term feasibility study
Answer: An evaluation of the practicality of a suggested project or framework is a feasibility study. A feasibility study attempts to discover the benefits and limitations of an ongoing study critically and rationally.
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definition of industries in priciples of buisness
Answer:
1. Understand Organizational Structure and Design
You need a basic understanding of how good businesses run effectively. From its initial structure of departments and personnel to how individual projects are managed, you need to run your business as effectively and efficiently as you can.
2. Use Capital and Cash Flow Wisely
Your business needs to start with a good financial base, but equally important will be a positive cash flow as you grow and develop. You need to have sufficient funds to pay your employees and vendors so you produce your products and sell them at a profit.
3. Understand the Fundamental Principles of Accounting and Finance
Understand and obey fundamental principles of accounting and finance, and always adhere to the regulations and laws that affect your industry. Obtain necessary permits, complete and file taxes, and pay strict attention to filing deadlines.
4. Respect Your Customers
Your customer may not always be right, but you always need to do whatever you can to make things right. Provide them with the best possible products and services you can deliver and always treat them with respect and understanding. If they become dissatisfied with your products or your services, do your best to quickly resolve the issue with patience and consideration.
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illustrate the effect that a decrease in a price of milk (an input of ice cream) would have on the market for ice cream.
A decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
A decrease in the price of milk is likely to have a direct effect on the market for ice cream. Milk is a key ingredient in the production of ice cream, and so a decrease in the price of milk would lead to a decrease in the production cost of ice cream. The impact of this decrease in production cost will result in an increase in the supply of ice cream. The supply curve will shift to the right, showing that more ice cream is available for sale at any given price.
This means that the equilibrium price of ice cream will decrease because suppliers are willing to sell more ice cream at lower prices due to lower production costs. As a result, consumers would demand more ice cream because they would be able to purchase it at a lower price. This increase in demand would cause the demand curve to shift to the right, further increasing the equilibrium quantity of ice cream traded in the market.
Therefore, a decrease in the price of milk would lead to a decrease in the production cost of ice cream and an increase in its supply, causing a decrease in the equilibrium price of ice cream and an increase in its quantity demanded and supplied.
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You are about to start your venture in agribusiness, which will be called Consumer's Delight. Create a marketing business plan describing key
aspects of your strategy, such as a mission statement, objectives, marketing mix, promotion techniques, and so on
Answer:
Amiin Fruits and vegetables
Explanation:
mission statement
we want to satisfy all fruits and vegetables needs in our geographical area by offering low price high quality fresh fruits and vegetables
Answer:
The marketing business plan for Consumer’s Delight will consist of the following aspects:
Mission: Consumer’s Delight’s mission is to provide fresh, high-quality vegetables that exceed consumers’ expectation and become their first choice for vegetable grocery shopping.
Marketing objectives: The marketing objectives of Consumer’s Delight will include the following:
Grow at a steady rate each month and capture nearby local vegetable markets.
Acquire new customers every quarter, targeting local restaurants and eventually hotels.
Generate goodwill and become the first choice for large orders.
Expand into allied segments such as logistics and consultation.
Main products (produce): Iceberg lettuce, broccoli, and spinach
Financial objectives: To achieve a 4 percent growth every year. To reduce the number of middlemen involved for transportation, other logistics, and delivery of the produce by 12 percent in the current year. Consumer’s Delight is expected reach its break-even point toward the end of the fourth quarter.
Target markets: Consumer’s Delight is looking at two sets of target markets, namely, individuals (consumers from the local supermarket) and restaurants.
Individual consumers: Green leafy vegetables are always in demand for salads, sandwiches, soups, and so on. The stock also needs to be fresh, which requires a daily turnover. Through current logistics connections, Consumer’s Delight will ensure that the stocks are delivered daily and in the best condition. Consumer’s Delight will also make use of local farmers at various locations to reach the maximum number of individuals.
Restaurants: Consumer’s Delight will work to contact all of the local restaurants in the vicinity, which total 12 in number. The aim will be to acquire long-term contracts with them.
Positioning: Consumer’s Delight will be positioned as:
fresh and healthy
high quality
dependable
Strategies: Consumer’s Delight primary motive is to become the preferred choice of its target group and to capture the entire market within the next five years. The strategy will initially begin with penetrative marketing strategies, wherein we will aggressively market to the local supermarkets. A Consumer’s Delight counter will be set up within the supermarket to take care of the branding and visibility of the agribusiness. The next stage will be to tap local restaurants once a good amount of brand visibility has been created.
Marketing mix: Consumer’s Delight will use the following marketing mix:
Pricing: Consumer’s Delight will price their produce per pound.
Distribution: Consumer’s Delight will connect with local transportation and logistics dealers and will regularly supply supermarkets. The company will follow a similar plan once the contracts from the restaurants begin to materialize.
Promotion: Because creating brand visibility is of paramount importance, Consumer’s Delight will put up posters and flyers inviting consumers to try out their products in the supermarkets. Consumer's Delight will also advertise in the weekly specials and monthly magazines of select supermarkets according to financial feasibility. Social media will be used to connect to potential restaurant clients.
Customer Service: Consumer’s Delight aims to offer the highest level of customer service to ensure loyalty and long-term contracts. Occasional store discounts will form a part of the customer service strategy.
Management and staffing: Consumer’s Delight will start with a small group of employees, and most of them will be work on a contractual basis. The staff members will mainly consist of analysts, consultants, field workers, store keepers, and others with average salaries.
Explanation:
instructions: use the tool provided 'cs' to identify the area of consumer surplus. this will drop a small triangle with three endpoints onto the graph. drag the endpoints to the appropriate positions to identify the area of consumer surplus. then, use the tool provided 'ps' and follow the same process for producer surplus.
In the given case CS refers to Consumer Surplus while PS refers to producer surplus
The difference between the price a consumer pays for a good and the price he would be willing to pay rather than go without it is known as consumer surplus, also known as social surplus and consumer's surplus, in economics. Jules Dupuit, a French economist and civil engineer, created the idea in 1844, and British economist Alfred Marshall popularized it. The idea was predicated on the notion that levels of consumer satisfaction (utility) are quantifiable. Since the utility provided by each additional unit of a commodity typically declines as the quantity purchased rises, and since the price of the commodity only accounts for the utility of the most recent unit purchased as opposed to the utility of all units, the total utility will always be greater than the total market value.To know more about consumer surplus here
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Kirk and his family decide it is more reasonable for him to attend the local community college. They want to save for the cost of his first year in the automotive program. The local community college program is expected to be $6,845 per year. Which is the most reasonable goal for Kirk and his family to plan to save?
They should save $225 a month for 2 years.
They should save $200 a month for 3 years.
They should save $100 a month for 4 years .
They should save $75 a month for 5 years.
Based on the options provided, Kirk and his family should save $200 per month for 3 years to cover the cost of his first year in the local community college's automotive program. This saving plan will give them more than the cost of the program, providing a cushion for any additional expenses.
Explanation:The local community college's automotive program costs $6,845 per year. If Kirk and his family wanted to save enough for one year of this program, they would have to budget and plan out their savings. To calculate this, they would divide the total cost by the number of months in their saving period.
If they save $225 a month for 2 years (24 months), they would save a total of $5,400 which is not enough to cover the cost. Saving $200 a month for 3 years (36 months) would give them $7,200, more than required. If they save $100 a month for 4 years (48 months), they would save $4,800, which is not enough.Saving $75 a months for 5years (60 months), they would amount to $4,500, also not enough.Therefore, the most reasonable saving goal for Kirk and his family, based on these options, would be to save $200 per month for 3 years. They would have more than enough to cover the program cost and any additional expenses that might occur.
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A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows: Amount per Unit Direct materials $ 10.00 Direct labor $ 6.00 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 5.00 Fixed selling expense $ 3.50 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 What is the incremental cost incurred if the company increases production from 12,000 to 12,001 units
Answer:
14.002
Explanation:
Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.
Answer:
1) Fundamental causes of a nation's business cycle fluctuations: The causes of business cycle fluctuations are economic growth and recession. The economy of a nation fluctuates within its business cycle by witnessing periods of expansion and periods of contraction, including those in-between. The fluctuations or changes are caused by forces of supply and demand, the movement of the gross domestic product or GDP, the availability of capital, and expectations about the future.
The business cycle is divided into four distinct segments: expansion, peak (or crisis point), contraction (recession), and trough (recovery period). But, the vital factors driving expansion and recession can be located in the economy's levels of production, prices, interest rates, income, and employment being experienced at any particular period.
2) A relationship can, therefore, be discerned between total spending by government and consumers and the location of the countries GDP on the business cycle. Total spending by government and consumers drives the gross domestic product and the supply and demand for goods and services. They are in turn driven by the availability of capital for spending and expectations about the future. When the government and consumers have more resources to spend as a result of low-interest rates, rising income, and availability of capital, the resulting productivity increases total GDP. Increasing GDP ensures economic expansion. Economic outlook affects spending. Expectations of a brighter future trigger economic buoyance, more spending, and increased GDP. On the other hand, lower GDP is caused by worrying economic outlook where spending is withheld because of envisaged future uncertainties.
This is why some economists believe that Governments and the general public can always spend their ways out of a recession. The implication is this, in order to end a recession, governments and individuals are advised to boost their spending in value-adding activities.
Explanation:
a) The Business cycle of a nation: The business cycle is also known as the economic cycle or trade cycle. It describes the downward and upward movement of gross domestic product (GDP) between periods of economic growth and recession.
b) Gross Domestic Product (GDP) is the value of finished goods and services made within a country during a specific period. GDP shows a country's economic activities in total. The measure is used to estimate the size of an economy and its growth rate. There are three ways to calculate GDP, using expenditures, production, or incomes.
15.The following information is available for an economy. On the basis of information calculate:
1. Domestic income and 2.National income?
Page 3 of 3
Items crore
Wages 10,000
rent 5000
interest 400
dividend 3000
mixed income 400
undistributed profit 200
social security contribution 400
corporate profit tax 400
net factor income from abroad 1000
The members who make up our government work together to keep things safe and take care
of our needs. Each person does their part to make sure things run smoothly. How do each of
the different pathways in the Government and Public Administration work together to help?
In this activity, you will create a mind map showing the different pathways that can be found
in the Government & Public Administration cluster. A mind map is a sketch or diagram that
you can design yourself to organize your ideas. It could look like a tree with different
branches or a park with different paths! Whatever you decide, you will put each pathway on a
different spot on your mind map
Under each pathway, you will give one example of a job found in each pathway.
Write a short note beside the job, explaining where you might find this person
List at least one task that they accomplish to keep things running for us.
When you have completed your mind map, take a photo of it and upload to your instructor
Answer:
Government & Public Administration Cluster
- Legislative Branch
- Senator
- Works in the Senate
- Creates and passes laws that benefit the people
- Representative
- Works in the House of Representatives
- Represents the people in their district and creates laws that benefit them
- Executive Branch
- President
- Works in the White House
- Leads the country and makes decisions that benefit the people
- Vice President
- Works in the White House
- Supports the President and takes over if necessary
- Judicial Branch
- Judge
- Works in a courthouse
- Interprets the law and makes decisions in legal cases
- Public Administration
- City Manager
- Works in a city hall
- Manages the city's operations and services for the people
- Public Relations Specialist
- Works in a government agency
- Communicates with the
How has the Timberland Company incorporated the four pillars of its corporate social
responsibility (CSR) strategy into its day-to-day operations?
Answer:
The four pillars are energy, product, workplace and service.
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Explanation:
The Timberland Company have a tradition of Corporate Social Responsibility, Timberland have always been committed to environment and social sustainability. The four pillars of Timberland Company for Corporate Social Responsibility are Energy, Product, Workplace and Service.
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What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty Please select the best answer from the choices provided
Answer:
The correct answer is B.
Explanation:
I just took the test, and B is correct.
An extended warranty is often offered by a third party instead of a manufacturer. The correct option is b.
What do you understand about an extended warranty?An extended warranty or service agreement is a prolonged warranty offered to customers in addition to the standard warranty on new items. This kind of warranty can be offered by the warranty administrator, the retailer or the manufacturer.
Extended warranties cost extra and for a percentage of the item's retail price. Occasionally some extended warranties that are purchased for multiple years state in writing that during the first year the consumer must still deal with the manufacturer in the occurrence of malfunction.
There are certain terms and conditions in extended warranty which may not match the original terms and conditions. For instance, these may not cover anything other than mechanical failure from normal usage.
Some common examples of extended warranties are automobiles and electronics.
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Ryan is a sales coordinator with a big bookstore that has outlets in several cities. He plans to start an e-publishing service that would enable networking among authors and readers. Which type of e-publishing would be appropriate for Ryan’s project?
Explanation:
sorry this version please
3. As a project manager, you email all team members requesting their feedback on processes and their preferred
method of collaboration. Which aspect of effective team building does this scenario demonstrate?
The aspect of aspect of effective team building does this scenario demonstrates is "Promote psychological safety" (Option D)
What is Effective Team Building?Team development is a continuous process that assists a work group in becoming a cohesive one. Not only do team members share expectations for completing group work, but they also trust and support one another and appreciate one another's distinctive characteristics.
It fosters trust, reduces conflict, promotes communication, and fosters collaboration. Effective team building results in more engaged employees, which is beneficial to corporate culture and the bottom line. It may also be exciting and fun if done with a little flair.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
As a project manager, you email all team members requesting their feedback on processes and their preferred method of collaboration. Which aspect of effective team building does this scenario demonstrate?
Answers
Prioritize tasks
Listen and ask questions
Celebrate team success
Promote psychological safety