To Determine an Organization's Missions and Goals, Managers Must First

question 88

Multiple Choice

To determine an organization's missions and goals, managers must first _____.

• A) perform a SWOT analysis
• B) apply the Five Forces Model
• C) define its business
• D) develop a long-term plan
• E) develop a short-term plan

---

Definitions:

Par Common Stock

The nominal or face value assigned to common stock shares as recorded in the corporate charter, influencing the accounting of company stock transactions.

Cost Method

An accounting method where the investment is recorded at its acquisition cost, with no subsequent changes for increases or decreases in value.

Fiscal Year

A one-year period adopted by businesses and governments for accounting and financial reporting, which may or may not align with the calendar year.

Preferred Stock

A class of stock that offers its holders priority over common stockholders in the distribution of dividends and assets.