A Long-Term View, or Vision, of What an Organisation Wants

question 138

Multiple Choice

A long-term view, or vision, of what an organisation wants to become is called a:

• A)mission statement.
• B)purpose statement.
• C)vision statement.
• D)marketing plan.
• E)strategic vision.

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Definitions:

Net Cash Flows

The difference between cash inflows and outflows from operating, investing, and financing activities during a specific period.

Cash Collection

The process of gathering and processing payments received from customers.

Prior Year

Prior year refers to the last completed fiscal or calendar year used as a reference point in financial and operational analysis.

Current GAAP

The most up-to-date set of Generally Accepted Accounting Principles that companies are required to follow when preparing financial statements.