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3 years ago

What is a mission statement?

Business

2 answers:

Katyanochek1 [597]3 years ago

7 0

It’s basically what an individual or group/company sets out to do, almost like a goal.

lana [24]3 years ago

5 0

Answer:

A mission statement is a brief introduction of a company because it encompasses the goal and its operational values/standards in a brief statement

Explanation:

Every company/firm has a mission statement and this statement gives an insight of the overall goal of the company, the plans of the company for its primary customers and also the geographic region of operation. a mission statement gives as well the philosophies and standards of operation of the company.

the vision of a company can also be found inside its mission statement and also the advantages of doing business with the company rather than it's competitors can be drawn from the mission statement summary of the company.

lastly the mission statement of a company is usually the first point of contact with the outside world.

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Which level of management sets general policies, formulates strategies, approves all significant decisions, and represents th

qwelly [4]

Answer: Top managers.

Explanation: Top managers examples are board of directors, president, vice-president, and CEO. These managers are duly responsible for controlling and overseeing the entire organization. They set and develop goals, strategic plans, company policies, and make decisions on the direction of the business. These top managers are responsible for controlling and overseeing the entire organization with the aim of achieving organization goals.

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3 years ago

Rhonda has oversight responsibility for the servicing and repair of her company's fleet of cars, so she frequently calls the gar

dmitriy555 [2]

Answer: Variable-interval

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2 years ago

The relationship between an employer and an employee can be thought of in terms of a(n) __________, a description of what an emp

myrzilka [38]

The answer is psychological contract.

A broken psychological contract may occur when an employee believes that working extra would be naturally rewarded. This, however, may not be business policy. If the person is salaried, they may not be compensated for the extra hours worked.

Daily acts and remarks made in the workplace, as well as how they are interpreted by all parties involved, have an impact on the contract.

In other words, it is a promise developed via regular workplace encounters in which the organization learns what is expected of each employee.

Psychological contracts evolve and adapt to the organizational working culture over time. However, they are generally difficult to change and can differ across individual party members and whole organizations.

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2 years ago

True or False: The LIFO Conformity Rule states that if the LIFO method is used for income tax purposes, it can not be used for f

elena-s [515]

Answer:

FALSE

Explanation:

The LIFO conformity rule requires taxpayers that elect to use LIFO for tax purposes to use <u>no method other than LIFO to ascertain the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors, or to beneficiaries, or for credit purposes</u>.

Hence the IRS requires that the same method for income tax purpose be used for financial statement purpose

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3 years ago

Nancy owns 10% interest in ABC Corporation and 20% of the outstanding shares of XYZ Corporation. Her son Nick owns 60% of the ou

harkovskaia [24]

Answer:

20%

Explanation:

Ownership of XYZ Corp. in ABC Partnership = 100% of ABC Partnership * Percentage owned by XYZ Corp.

= 100% * 50%

= 50%

Ownership of Nancy = Interest in ABC Partnership + Ownership of XYZ Corp. in ABC Partnership * Interest of Nancy In XYZ Corp.

= 10% + (50% * 20%)

= 10% + 10% = 20%

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3 years ago