A Good Mission Statement Has

question 69

Multiple Choice

A good mission statement has

• A) an employee orientation.
• B) a customer orientation.
• C) a shareholder orientation.
• D) an environmental orientation.
• E) a profit orientation.

---

Definitions:

Chart of Accounts

An organized list of all accounts in a business entity's financial records, each with a unique identifier.

Journal Entry

A record in accounting that represents a transaction in the general ledger, where each transaction is recorded with both a debit and a credit.

Posting References

The notations used in accounting to link journal entries to the corresponding ledger accounts, facilitating tracking and auditing.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that the total debits equal the total credits in the financial statements.