The Instruments That Give Voice to the Organization's Philosophy Include

question 23

Multiple Choice

The instruments that give voice to the organization's philosophy include which of the following? (Select all that apply.)

• A) Goals
• B) Focus
• C) Vision
• D) Mission
• E) Core values

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Definitions:

Fixed Costs

Costs that do not change with the volume of production or sales, such as rent, salaries, and insurance premiums.

Business Plan

A formal document detailing the goals, strategy, market, and financial projections for a business's operations.

Operating Income

The profit realized from a business's core operations, excluding deductions of interest and taxes.

Variable Cost

A cost that changes in proportion to the level of activity or volume of output in a business.