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.

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Definitions:

Altman's Z Scores

A formula developed by Edward Altman in the 1960s used to predict the likelihood of a business going bankrupt within two years, based on various corporate income and balance sheet values.

Bankruptcy Risk

The likelihood that a company will be unable to meet its financial obligations and be forced into bankruptcy, causing potential losses for investors.

Bond Indenture

The contract between the issuer and the bondholder.

Coupon Rate

The per year interest yield of a bond, expressed as a portion of its principal value in percentage.