Elite Coffee and Bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "We will always provide a quality product to help our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." This statement is Elite's
A. belief statement.
B. goals pact.
C. mission statement.
D. code of ethics.
E. management pledge.
C. mission statement.
A mission statement expresses the purpose of the organization. Whether the organization is for-profit or nonprofit, the mission statement identifies the goods or services the organization provides and will provide. Sometimes it also gives the reasons for providing them (to make a profit or to achieve humanitarian goals, for example).
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Which of the following statements about the home entertainment industry is not true?
A. Over 50% of the U.S. population uses an OTT subscription service in addition to or instead of cable/satellite TV. B. The current transition to Internet and especially mobile delivery of television is leading to a decline in traditional television viewing. C. Both the television and movie industry share in home entertainment revenues. D. Neither the television nor film industries have built an industry-wide Internet delivery system.
A principal whose identity is not known by a third party with whom an agent contracts on the principal's behalf is an apparent principal.
Answer the following statement true (T) or false (F)
In the U.S., jurisdiction is: I. Defined by the U.S. Constitution II. Defined by various statutes A) Both I and II
B) Neither I nor II. C) I only. D) II only.
Surma Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$233,940 Budgeted production (a) 35,000units Standard hours per unit (b) 1.20machine-hours Budgeted hours (a) × (b) 42,000machine-hours Actual production (a) 33,000units Standard hours per unit (b) 1.20machine-hours Standard hours allowed for the actual production (a) × (b) 39,600machine-hours Actual fixed manufacturing overhead$214,940 Actual hours 40,000machine-hours ?The fixed component of
the predetermined overhead rate is closest to: A. $6.68 per machine-hour B. $6.51 per machine-hour C. $5.57 per machine-hour D. $5.43 per machine-hour