Which of the following is true of an effective vision statement?
A. It is an estimation of the profits of an organization.
B. It inspires the members of an organization.
C. It clearly describes an organization as it currently operates.
D. It clarifies the short-term direction of a company.
E. It is a statement strictly based on financial targets.
Answer: B
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An understatement of ending inventory in one period results in
A) an overstatement of the ending inventory of the next period. B) an understatement of gross margin of the next period. C) an overstatement of gross margin of the next period. D) no effect on gross margin of the next period.
Achieving literacy in the digital age means thinking ________ about new media.?
Fill in the blank(s) with correct word
Select the correct ranking of the following securities in terms of increasing yield. (Assume that each bond has average quality within its class.)
A) Corporate bond, Municipal GO bond, Municipal revenue bond B) Municipal GO bond, Municipal revenue bond, Corporate bond C) Corporate bond, Municipal GO bond, Municipal Revenue bond D) Municipal revenue bond, Municipal GO bond, Corporate bond
A useful measure used to evaluate the performance of an investment center is investment center residual income.
Answer the following statement true (T) or false (F)