Effective Mission Statements

question 74

Multiple Choice

Effective mission statements

• A)are usually changed every few years.
• B)become ineffective in the first year.
• C)are usually changed every few months.
• D)never require revision.
• E)stand the test of time and require little revision.

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Definitions:

Equity Method

A method of accounting for an investment in common stock by which the investment account is adjusted for the investor’s share of periodic net income and cash dividends of the investee.

Equity Method

An accounting technique used to record an investor's proportional share of the profits and losses of an equity-invested company.

Stock

Shares of ownership of a corporation.

Brokerage Commission

A fee charged by a broker for executing a transaction or providing specialized services.