Before seeking financial backing for his new business, Charlie puts together a concise document explaining the nature, mission, and goals of his new business and its expected costs and potential. Charlie has constructed a(n)
A. marketing plan.
B. organizational mission statement.
C. business policy.
D. business plan.
E. organizational guide.
Answer: D
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Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except
a. loss of the audit trail b. unauthorized access to the general ledger c. loss of physical assets d. general ledger account out of balance with the subsidiary account
In the main store control organization, the main store and branch unit organizations are decentralized
Indicate whether the statement is true or false
Discuss ARMs and their regulation
Suppose a firm has a growth rate equal to 8 percent, return on assets (ROA) of 10 percent, a debt ratio of 20 percent, and a current stock price of $36. The firm's return on equity (ROE) is:
A. ?14.0%. B. ?12.5%. C. ?15.0%. D. ?2.5%. E. ?13.5%.