Teams with high levels of openness and emotional stability deal with task conflict better than those without these characteristics.
When you are able to be open about your feelings and keep them stable (emotional stability) dealing with conflict becomes easier. When you are emotionally stable, you are able to understand that emotions will arise during various activities and it's okay to experience different emotions as long as they don't derail you from what you need to accomplish.
IT'S A. I JUST DID IT.
An amount of cash kept on hand and used for making small payments is called petty cash. So, option c. is correct.
Petty cash is a small amount of cash that businesses or organizations maintain for handling minor expenses and transactions. This cash reserve is typically managed by an individual who is responsible for keeping track of the fund and ensuring that it is properly accounted for.
The use of petty cash enables businesses to handle small expenses without the need for more formal payment methods, such as writing a check or using a credit card. Some examples of expenses that might be paid from a petty cash fund include office supplies, postage, or reimbursing an employee for a small out-of-pocket expense.
To maintain a petty cash fund, businesses often use a petty cash voucher system to track expenses and replenishments. When an expense is incurred, the responsible individual will complete a voucher that details the expense and is then attached to the supporting receipt or documentation.
Periodically, the fund will be replenished to its original balance by cashing a check or transferring money from another account, ensuring that the petty cash fund remains available for ongoing use.
In summary, petty cash is a convenient method for handling small expenses within a business or organization, making it an essential financial tool for efficient operations.
So, option c. is correct.
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An opportunity cost is defined as the value of a forgone activity or alternative when another item or activity is chosen. Opportunity cost comes into play in any decision that involves a tradeoff between two or more options. It is expressed as the relative cost of one alternative in terms of the next-best alternative. Opportunity cost is an important economic concept that finds application in a wide range of business decisions.
Opportunity cost refers to the potential benefit one misses out when choosing one alternative over another. It is used in economics to determine the true value of economic decisions by quantifying what is given up to get what is wanted. The opportunity cost would be any other potential investments that could have been made, representing the missed opportunity.
Opportunity cost is a core concept in economics and it refers to the potential benefit an individual or a business misses out on when choosing one alternative over another. In essence, it's the loss of potential gain from other alternatives when one alternative is chosen. It helps to determine the true value of economic decisions by quantifying what we give up to get what we want.
For example, imagine you have $10,000 and you decide to invest it in stocks. The opportunity cost would be any other potential investments you could have made with that money, such as buying bonds, purchasing real estate, or even keeping the money in a savings account. The value of the best forgone alternative - in this case, the potential returns from bonds, real estate, or savings - represents the opportunity cost of your decision to invest in stocks.
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