During a management meeting, Dave, the CEO of Top Office Equipment, reminded his management team of where the company wants to g
o as an organization: "Top Office Equipment is the expert whom customers should always call regarding all their office equipment needs because Top Office strives to understand customer needs and provide the right answers for them." This statement is Top Office Equipment's __________.
A vision statement is a document that clearly states the goals and objectives of an organization. A vision statement describes what an organization would aspire to achieve and it also gives a sense of purpose to the existence of the organization.
A vision statement gives a concrete way for employees to have a better understanding of the meaning and purpose of your business. It describes what an organization aspires to achieve in the long-run.
A good vision statement should be short, simple, and specific to your business objectives.
A vision statement bis defined as the statement of a business's objectives, and acts as a guide when there is internal decision making to be done within the organisation.
The vision statement outlines what the organisation aims to achieve. It should be short, simple, specific, and not open to different interpretations.
Dave the CEO is reminding the employees where the company wants to go as an organisation by stating the vision statement: "Top Office Equipment is the expert whom customers should always call regarding all their office equipment needs because Top Office strives to understand customer needs and provide the right answers for them."
The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.
Explanation: Moral hazard refers to a situation when an individual starts taking unnecessary avoidable risks, knowing that the potential loss will be bore by someone else.
In the given case right option is C, as the most effective way to avoid moral hazard is to hire those consultants who have a good image in market of not shirking and performing their duties well.
