Which of the Following Explains the Difference Between the Conventional

question 12

Multiple Choice

Which of the following explains the difference between the conventional approach and sustainable approach with respect to vision statements?

• A)From a conventional view,vision statements focus on factors that will contribute to the organization's future competitiveness and financial success.
• B)From a sustainable view,vision statements focus on factors that will contribute to the organization's future competitiveness and financial success.
• C)Conventional organizations would be more participative in drafting vision statements.
• D)In sustainable organizations,managers would develop vision statements that have a future orientation and that are challenging,brief,and stable.

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Definitions:

Wages Expense

The total cost incurred by a company for the compensation of its employees, excluding benefits and bonuses.

Wages Payable

A liability account that records the amounts owed to employees for work that has been performed but not yet paid.

Biweekly Salaries

Compensation paid to employees on a two-week basis, typically resulting in 26 pay periods per year.

Fiscal Period

A specific time frame, such as a month, quarter, or year, used for financial accounting and reporting purposes.