Hilton Hotel's Statement Expressing Its Purpose as "To Fill the Earth

question 44

Multiple Choice

Hilton Hotel's statement expressing its purpose as "to fill the earth with the light and warmth of hospitality" is a(n)

• A)vision statement.
• B)intention statement.
• C)goal statement.
• D)mission statement.
• E)rationale statement.

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Definitions:

Banks and Thrifts

Financial institutions that accept deposits from the public and create credit. Thrifts, such as savings and loan associations, primarily focus on residential mortgage lending.

FDIC

The Federal Deposit Insurance Corporation (FDIC) is a United States government agency created in 1933 to insure deposits in banks and thrift institutions for at least $250,000 per depositor, per insured bank, for each account ownership category.

Deposit Insurance

A guarantee provided typically by a government agency to protect depositor's funds up to a certain amount in the event of a bank failure.

Banking Crisis

A situation in which a large part of the banking sector becomes insolvent, leading to a loss of confidence and potentially a run on banks.