Mission Statements Should ________ and Be Defined in Terms of ________

question 65

Multiple Choice

Mission statements should ________ and be defined in terms of ________.

• A) be technology oriented; meeting the self-actualization needs of customers
• B) be product oriented; satisfying the esteem needs of customers
• C) embody the company's short-term plans; current opportunities
• D) be market oriented; satisfying basic customer needs
• E) address sales and profits; the net return on investments

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Definitions:

Equity

Equity represents the value that would be returned to a company's shareholders if all of the assets were liquidated and all of the company's debts were paid off.

Forfeited Shares

Stocks that are taken back by a company from investors because of the failure to meet certain conditions of the purchase agreement like payment completion.

Calls

In finance, calls often refer to call options, which are contracts giving the buyer the right, but not the obligation, to buy a specified amount of an underlying asset at a specified price within a specified time.