An Effective Vision

question 15

Multiple Choice

An effective vision:

• A)is the property of the leader.
• B)serves to energize employees and focus their attention.
• C)is always about the present, but it begins with the future.
• D)happens naturally.

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders and is instead reinvested in the company.

Treasury Stock

Shares of a company's own stock that it has reacquired and held in the company's treasury.

Cost Per Share

The price at which a company's shares were initially offered to the public or the current market value of a share.

Stockholders' Equity

Represents the owners' residual interest in a corporation's assets after deducting liabilities.