Collectively, the Vision, Mission, and Values of an Organization Are

question 52

Multiple Choice

Collectively, the vision, mission, and values of an organization are intended to

• A) directs the governance of the Board of Directors
• B) maintain the lead over the competition
• C) inspire the organization and provide direction on how to achieve its goals
• D) direct the operations and ensure consistent results over time

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Definitions:

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.

Solvent

The state of being able to meet all financial obligations as they come due.