Answer: define the organization's purpose in society.
Explanation: In simple words, it refers to a short statement which defines why an organisation exist in the society. It illustrates what are the goals of the organisation, its primary customers, the commodities they are going to offer and so on.
The mission statement lays a foundation for the overall planning of the organisation.
Hence the correct answer is last statement.
The purchasing power of a dollar will erode by 8.26%.
The purchasing power of $1 if inflation rate is 8% is as follows:
Purchasing power = 1 / (1 + 0.08)
Purchasing power = 1 / 1.09
Purchasing power = 0.91743119
Change in purchasing power = [(0.91743119 - 1) / 1]*100
Change in purchasing power = [(-0.08256881/1} * 100
Change in purchasing power = -0.08256881 * 100
Change in purchasing power = -8.26%
Therefore, the purchasing power of a dollar will erode by 8.26%
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Answer:
Fred will win because the right to receive payment could be validly assigned.
Explanation:
all contract gives room for some certain rights and duties. By an obligation, the individual whose right it is to receive payment will transfer the right to collect that same payment from the same person (obligor) to any other person (third person).
Going by the question above Belinda, the well-known portrait painter is the obligee who transfers the right to receive payments from the obligors to a third party named Fred who is stands as an assistant. It was clearly stated in the question that “Belinda also assigned to Fred the right to receive payment from Harry. Neither the contract Belinda had with Harry nor the contract she had with Michelle expressly prohibited assignment or delegation of contractual rights and duties.”
Going by this above statement then one can confirm it very clear that the payment could be assigned and receiving the payment is within Fred’s right.
Answer: Option (A)
Explanation:
Crisis management is known as or referred to as process through which the organization tends to deal with the unexpected and disruptive event which mostly threatens in order to harm an organization or the stakeholders. The crisis management is considered and known to be one of the most important and vital process in the public relations.