A clear, concise description of the fundamental beliefs and priorities expected of the organization's members, reflecting how they are to behave with each other and with the company's customers, suppliers, and other members of the global community is known as a
A. vision statement.
B. strategic plan.
C. mission statement.
D. values statement.
E. policy.
Answer: D
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An abbreviated version of an account which is useful for analyzing the effects of business transactions is the
a. chart of accounts b. double entry system c. T account d. trial balance
All of the following are external users of accounting information except:
A. Board of directors. B. Chief executive officer (CEO). C. Customers. D. Shareholders. E. Lenders.
A seller cannot accept a buyer's offer by simply promising to ship the goods or by shipping the goods.
Answer the following statement true (T) or false (F)
When preparing a presentation include no more than ____.
A. six lines of text on a slide B. six words in each line C. both a. and b. D. neither a. nor b.