Which of the Following Is the Most General Statement of an Organization's

question 7

Multiple Choice

Which of the following is the most general statement of an organization's purpose?

• A) mission
• B) goals
• C) objectives
• D) values

---

Definitions:

Liabilities

Financial obligations or debts that a company or individual owes, which are required to be paid in the future.

Beginning Equity

The value of an owner's interest in a company at the start of an accounting period, before any transactions affecting equity occur.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Dividends

Disbursements from a corporation to individuals holding its stock, serving as their share of the earnings.