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:

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Cash Basis

A method of accounting where revenue and expenses are recognized only when cash is received or paid, respectively.

T-account

A visual representation used in accounting to depict the debit and credit sides of accounts, helping in the preparation and understanding of double-entry accounting systems.

Discontinued Operations

Components of a business that have been sold or otherwise disposed of, or that are classified as held for sale, with their results reported separately in financial statements.