Which of the Following Refers to the Fundamental Principles That

question 64

Multiple Choice

Which of the following refers to the fundamental principles that guide the operations of a business?

• A)vision statement
• B)mission statement
• C)business philosophy
• D)social philosophy
• E)competitive advantage

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Definitions:

Wrongful Interference

Unjustifiable meddling with the contractual or business relationships of others.

Business Relationship

A connection between individuals or organizations engaged in commercial or professional interactions.

Contractual Relationship

A legal binding between two or more parties, enforceable by law, involving mutual obligations.

Conversion

Conversion involves changing something from one form or use to another, such as converting a residential building into a commercial space or changing currencies.