Thanks for your response. I did read through the materials, but I thought that since we had a DNS server running in the office, altering the host file shouldn't be necessary.
I should say, everything appears to be working just fine, but I did notice the same anomaly the OP mentioned. When I go to troubleshoot server connection from the teamwork palette, I see three different options under the server name/ dropdown menu. One is "ourserver", the other is "ourserver.ourcompany.com", the final one is the internal IP, ie, "192.168.1.1". This troubleshooting palette defaults to "oursever" and says "Resolve DNS has failed". If you manually select either of the other two server names, all the tests pass.
My hunch is that this is nothing to worry about, but I too was concerned that something is not set up right and there will be trouble down the road. We will probably never enable remote, access, however, so I suspect we're okay.