Describe how a mission statement and strategy assist in the success of a business.
What will be an ideal response?
The mission statement and strategy guide a business through its crucial stage. Companies need to review and change their mission statement and strategy if there are problems. The mission statement keeps the firm targeted on specific areas and opportunities. The mission statement helps a new business specify what the company does best.
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Trezelle Services' payroll register for the week ended August 31 indicates gross payroll of $18,000 and payroll deductions of $4,100 . The journal entry for the payroll for this week would include credit to Cash for
a. $18,000; b. $13,900; c. $4,100; d. $0; e. none of these
A distinguishing factor about utilities is that generally their services are not duplicated by another firm
Indicate whether the statement is true or false
Ketchum Public Relations' counsel to Russia was lauded by many professionals as a major success in international public relations
Indicate whether the statement is true or false
If a U.S. industrial subsidiary in France sells in dollars for European sales
A. exchange risk will be encountered between the euro and the dollar. B. there will be no exchange risk. C. their sales force will be challenged to meet local needs. D. the subsidiary will not be able to use the local debt markets.