Which of the Following Is NOT an Example of an Organisation's

question 26

Multiple Choice

Which of the following is NOT an example of an organisation's mission?

• A)We believe our first responsibility is to doctors, nurses and patients, to mothers, and all others who use our products and services (Johnson & Johnson).
• B)AMAX's principal products are molybdenum, coal, iron ore, copper, lead, zinc, petroleum and natural gas, potash, phosphates, nickel, tungsten, silver, gold and magnesium.
• C)We at Xeren want to increase market share by 10 per cent during the next fiscal year.
• D)We are dedicated to the total success of Corning Glass Works as a worldwide competitor.
• E)Hoover Universal is a diversified, multi-industry corporation with strong manufacturing capabilities, entrepreneurial policies and individual business unit autonomy.

---

Definitions:

Depreciation Expense

is the charged amount for a particular period for the reduction in value of tangible assets due to usage and passage of time.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, representing the wear and tear on the asset over time.

Balance Sheet Credit

Refers to any credit entry recorded in the balance sheet, indicating an increase in liabilities or equity or a decrease in assets.

Adjusted Trial Balance

A trial balance prepared after adjusting entries are made and posted, used to verify the equality of debits and credits.