Answer:
The correct answer is d. a brief statement of the company’s direction.
Explanation:
The Vision statement simply states the dream of the compact and why they exist. It should be brief and must have a broad definition.
It should never go in to financial and other detailed aspects as the mission statement and the objectives, goals are there to describe them.
Answer:
The gesture exemplifies its social responsibility.
Explanation:
The social responsibility of an organization is the contribution that it makes to the society because the soiety has made it what it is today. Because the society has contributed to its success, the company must contribute to the society as well. The helping of underprivileged people for free who are part of the society is an evidence that ht company knows its responsibilities towards the society and is an example of corporate social responsibility.
Answer:
1. An increase in asset and an increase in liability
2. The decrease in asset cash.
3. An increase in assets and a decrease in cash.
4. An increase in inventory and an increase in liability.
Explanation:
The asset purchased on credit will increase the fixed asset account and it will also increase the account payable account. Thus, asset and liability have the same effect.
Rent paid in cash will decrease the company’s asset cash. While the office furniture purchased in cash will increase the assets in the account and cash will be reduced by the same amount. Further, the inventory purchased on credit will increase the inventory and it will also increase the liability by the same amount.