Mission Statements Can Also Be Used to Help Refocus a Firm

question 94

Multiple Choice

Mission statements can also be used to help refocus a firm on its main line of business.One example of this given in the text is:

• A) Ben & Jerry's expanding beyond ice cream into other food categories.
• B) Disney selling off its theme parks to focus on movies.
• C) Shell Canada selling off its chemicals and forestry businesses.
• D) Ford Motors moving into hybrid cars and SUVs.

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Definitions:

Specified Expiration Date

The predetermined date on which an options or futures contract expires, determining the last day it can be exercised or traded.

Bond Equivalent Yield

is a calculation for converting the yield on a short-term, discount-based security into an annual yield that is comparable to those of bonds, to facilitate comparison among various securities.

Bank Discount Quote

A method of quoting the price of a short-term money market instrument, like a Treasury bill, as a discount from its face value, not taking into account compound interest.

Face Value

The nominal or dollar value printed on a bond or other financial instrument, representing the amount to be repaid at maturity.