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3 years ago

Which of the following statements is true of a mission statement?

2 answers:

5 0

The following statements is true of a mission statement:
e. A well-developed mission statement, no matter what the industry or size of business, will answer five basic questions.
d. A mission statement seeks to answer the question: "Why should you finance our business?"
c. A good mission statement is a complex, detailed statement that explains how the organization will contribute to its specific industry.

drek231 [11]3 years ago

3 0

Answer:

Letter a is correct. A well-developed mission statement should answer every possible question the company's customers could have about its processes and products.

Explanation:

The organizational mission statement reflects the company's core purpose, through which it is possible to analyze the corporate identity and the goals and objectives it intends to achieve, as well as to realize the benefits and added value that the organization intends to convey to its stakeholders. To be effective, it must contain statements that are capable of directing business strategy and assisting in the decision making process.

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__________ is not a technology company but used technology to revamp the business process of renting movies.

zmey [24]

Answer:

Netflix

Explanation:

Netflix is a company that uses streaming service where viewers can watch varieties of documentaries, popular films etc on their network . This type of service enables users to access latest films, TV shows, offered by Netflix over the internet. Although users get to watch and enjoy these services through a paid subscription, there are quite unlimited films that can be watched and downloaded for offline viewing.

Unlike a conventional method where people can watch and download films, documentaries online, Netflix provides a platform that warehouses collections of films, documentaries, TV shows hence revamp the business methods of renting movies.

6 0

3 years ago

Before going into a prospect's office, the secretary advised the new salesperson that her boss likes facts and figures and is su

Nookie1986 [14]

Answer: ANALYTICALS/ ANALYTICAL THINKERS

Explanation:

Analytical thinkers are known to use knowledge and facts to get to a decision. They prefer to know all they can about a subject before they comment on it and as such rarely jump to conclusions. They are usually introverted as well and prefer not to deal with others.

This is why it stands to reason that the prospect is an Analytical.

4 0

3 years ago

Read 2 more answers

Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H

AURORKA [14]

Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect

Explanation:

From the information given in the question, the journal entry at the time of sales will be represented as:

Debit Accounts receivable $1,750

Credit Sales $1750

Now, when the credit receipt is received as illustrated in the question, the journal entry will be:

Debit Cash $1,750

Credit Accounts receivable $1,750

Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.

The correct option is B.

7 0

3 years ago

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,500. Budgeted cash rec

Mice21 [21]

Answer:

$12,500

Explanation:

Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.

Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.

$19,500+190,500-191,000= 19,000

Then, you have to subtract 19,000 from 31,500 to determine the amount that the company needs to attain its desired ending cash balance:

31,500-19,000= 12,500

According to this, the company should borrow $12,500.

4 0

3 years ago

Joshua Gnaizda received an envelope in the mail from Time, Inc. The front of the envelope contained two see-through windows part

andreev551 [17]

Answer and Explanation:

There is no contract between Time's and Joshua, because it is not legally binding to each other and it has not been signed by either party. So not a single party is liable for the contract as the contract is unsigned and non-liable

Time has used it as a promotional means only for promoting magazine subscriptions.

Therefore, a case can not be built on letter-based basis.

7 0

3 years ago